Case: Disneyland Abroad In 1984 Tokyo Disneyland completed its first year of operations after five years of planning and construction since the Walt Disney Corporation entered into an agreement with the Oriental Land Company in Japan. More than 10 million people (9 percent from other Asian countries) visited the park, spending $355 million. This...
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Case: The Taipan’s dilemma M r. David Gledhill, taipan, or top manager, of Swire Group, is faced with important strategic dilemmas as 1997 fast approaches and Hong Kong’s relationship with China remains uncertain. The Swire Group (which had 1988 sales of HK$ 25.1 billion) is one of the three major hongs, or fam- ily-controlled...
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Kinds of Legal Systems Legal systems usually fall into one of three categories: common law, civil law, and theocratic law. The United States and the United Kingdom are examples of countries that operate in a common law system, although the United States also has a Uniform Commercial Code that regulates business and has the...
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International Law The concept of international law can be so broad as to encompass any laws that influence international transactions or so narrow as to refer only to trea- ties that govern the relationships between sovereign nations. The relation- ships between countries involve the flow of goods, factors of production (such as intermediate goods,...
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POLITICAL ENVIRONMENT Two major aspects of any society that have an enormous impact on the way business is conducted are the political and economic systems. The political system is designed to integrate the society into a viable, functioning unit. The economic system is designed to allocate scarce resources among com- peting users, and it...
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