Hi guys, my friends outside of the UK are discouraging me saying that a master's in international business is a waste of time, you can't find any jobs. Whereas, a master's in cyber security will get you an excellent job. Is that true?

In Europe (outside the UK), apparently, if you get that kind of degree in international business, that's not gonna be prestigious (knowing for sure that it's coming from terribly low ranked universities that will lead you nowhere...).

Isn't a master's in International Business from a Russell University a wise choice? I know some languages, bachelor's in linguistics. Can't I get a decent job with a UK degree in international business in the world (like generally speaking degrees from the UK are considered as way above those degrees from Europe)? Please, anyone, help, I'm starting now the master's.😭

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QuickBooks' Global Expansion: Vietnam and Japan

Intuit is strategically transforming QuickBooks into an AI-powered platform, deeply embedding artificial intelligence to enhance user experience, drive business growth, and secure a competitive advantage. This AI-driven approach is also informing its global expansion strategy, as seen in its focus on markets like Vietnam and Japan.

Why AI Is Core to QuickBooks' Strategy

• Public Statements and Announcements: Intuit is vocal about its AI-focused initiatives, including features like Intuit Assist, emphasizing its commitment to leveraging AI for small businesses.
• Continuous Feature Development: The ongoing rollout of AI-driven features like automated invoice reminders and predictive analytics underscores their dedication to AI technology.
• Focus on Automation: QuickBooks heavily emphasizes automation, with AI as a critical enabler, allowing for more efficient and accurate task completion.
• Insights and Decision-Making: QuickBooks goes beyond transaction recording, using AI to analyze data and provide valuable insights for better business decisions.
• Data as a Foundation: Intuit's vast user base and the massive amounts of financial data they process provide a strong foundation for training and refining their AI models, creating a powerful data flywheel effect. This means that as more users use QuickBooks, the AI models become more accurate and effective, leading to even better insights and automation.
• Competitive Advantage: AI is a key differentiator in a competitive market. By offering AI-powered features, QuickBooks attracts and retains customers who seek efficiency, insights, and automation.
• Evolutionary Approach: AI integration is an ongoing process. Intuit continuously refines its algorithms and adds new AI-powered features based on user feedback and technological advancements, demonstrating a long-term commitment to AI.
• Beyond Bookkeeping: While bookkeeping is a core function, AI is also applied to other areas within QuickBooks, such as payroll, payments, and potentially financing options. This broader application of AI expands the value proposition of QuickBooks.
• User Trust and Transparency: Intuit recognizes the importance of user trust and transparency. Ensuring that users understand how AI is being used and that their data is handled responsibly is paramount, potentially through clear explanations of AI processes, data privacy policies, and user control over data sharing.

QuickBooks in Vietnam

QuickBooks is gaining traction in Vietnam, a market with an estimated [insert estimated number] SMEs, driven by the country's digital transformation initiatives and the need for efficient financial management. QuickBooks Online is helping Vietnamese businesses streamline their financial processes and comply with IFRS. To effectively penetrate the Vietnamese market, QuickBooks has focused on:

• Localization: Offering the software in Vietnamese, supporting the Vietnamese Dong, and adapting to local tax laws and accounting practices, such as [mention a specific Vietnamese tax regulation if you can find one].
• Partnerships: Collaborating with local accounting firms like [mention a local firm if known] and software resellers to reach a wider audience.
• Addressing Specific Needs: Potentially integrating with local e-invoicing systems and providing support for Vietnamese Accounting Standards (VAS).

QuickBooks' AI-powered features offer several key advantages for Vietnamese businesses:

• Reducing Manual Work: Automating tasks like invoice creation and expense tracking frees up valuable time for business owners.
• Improving Accuracy: AI-driven categorization and reconciliation minimize errors compared to manual processes.
• Providing Valuable Insights: AI can help Vietnamese businesses identify local market trends and opportunities, such as emerging sectors or changing consumer preferences.

The competitive landscape in Vietnam includes strong local players like MISA, Effect, and Fast Accounting, as well as international accounting software providers such as SAP, Oracle NetSuite, and Xero. Notably, MISA has recently launched AVA, an AI-powered assistant, which directly competes with QuickBooks' AI features. While Effect and Fast Accounting likely incorporate some basic automation, MISA's focus on AI presents a significant competitive challenge. QuickBooks differentiates itself through its cloud-based accessibility, ease of use, and integration with other business tools. Challenges include increasing market penetration, particularly in rural areas with limited internet infrastructure, which can hinder adoption of cloud-based solutions.

QuickBooks in Japan

The Japanese accounting software market, valued at approximately [insert market value if known], is experiencing rapid growth due to increasing demand for digital financial solutions and regulatory compliance. QuickBooks is well-positioned to benefit from this trend, as businesses transition from traditional manual accounting to automated digital solutions. Key strategies for QuickBooks in Japan include:

• Localization: Providing Japanese language support, adapting to the complex Japanese tax system, including the consumption tax, and ensuring compliance with local regulations.
• Partnerships: Working with local partners like [mention local partners if known] to navigate the Japanese business culture, which emphasizes long-term relationships and trust. This focus on relationships likely leads QuickBooks to prioritize building strong partnerships with local accounting firms and other key stakeholders.
• Addressing Specific Needs: Offering robust reporting capabilities to meet stringent regulatory requirements and potentially integrating with local banking systems.

For Japanese businesses, QuickBooks' AI features address specific needs:

• Improving Accuracy: Given the complexity of the Japanese tax system, including the consumption tax and various regional taxes, AI-powered calculations and automated compliance reporting are particularly valuable for minimizing errors and ensuring adherence to regulations.
• Providing Valuable Insights: AI-driven reporting and analytics can help Japanese businesses navigate regulatory requirements and make informed decisions.
• Enhancing User Experience: AI personalizes the user experience and provides tailored recommendations to meet the unique needs of Japanese users.

The Japanese market is competitive, with established local players like Yayoi, Freee, and OBC, as well as international accounting software providers such as Oracle NetSuite and SAP. Freee is a particularly strong competitor in the AI space, with advanced features for automated reconciliation, expense categorization, and tax filing. While information on specific AI updates from Yayoi and OBC is limited, it's likely they are also investing in AI to remain competitive. QuickBooks differentiates itself through its cloud-based platform and its ability to scale to meet the needs of businesses of all sizes. Challenges include overcoming the strong preference for established local brands and navigating the complexities of the Japanese business environment.

# The NYC Advantage

While direct competition with established players across the broader US market presents considerable challenges for companies like MISA, Freee, Fast Accounting, and OBC, specific metropolitan areas warrant further investigation as potential entry points or strategic hubs. New York City, for example, presents a unique set of characteristics that could be strategically advantageous for certain companies. NYC boasts a high density of small and medium-sized enterprises, representing a readily accessible customer base for accounting software providers, particularly those targeting this segment. This concentration reduces the need for extensive geographic outreach and allows for more focused marketing efforts. The city's robust talent pool includes professionals with expertise in software development, AI, finance, and marketing, providing access to the necessary skills for building and scaling a US-based operation. As a global financial center, NYC also provides access to a well-developed ecosystem of financial institutions, venture capital firms, and established business networks, facilitating access to funding, partnerships, and market insights. Furthermore, as a major international business hub, NYC offers strong connections to global markets, potentially easing the transition for companies already operating internationally. However, it's crucial to acknowledge the significant challenges associated with operating in NYC, including high operating costs, intense competition, and complex regulatory requirements. A thorough cost-benefit analysis, considering these factors alongside the potential advantages, would be essential for any company evaluating this market.

While this analysis focuses specifically on QuickBooks' expansion in Vietnam and Japan, the strategies and challenges discussed are relevant to other US-allied markets in Southeast and East Asia, such as the Philippines, Thailand, South Korea, Taiwan, Malaysia, Indonesia, Laos, Cambodia, and even special administrative regions like Hong Kong, where unique business and regulatory environments exist.

Businesses everywhere, regardless of their location or political context, share common needs: efficient financial management, accurate reporting, regulatory compliance, and insightful data analysis.

Conclusion

QuickBooks' success in global expansion hinges on the synergistic combination of its core AI-powered features and a highly localized approach. By tailoring its offerings to address specific market needs and cultural nuances in countries like Vietnam and Japan, while simultaneously leveraging the power of AI to enhance efficiency and insights, QuickBooks is exceptionally well-positioned to capture significant market share and drive continued global growth.

I finished my international business degree last year and currently work in Tokyo.

If you want to learn a new language, meet people from around the world, or live and work in another country then international business could be for you. TLDR: this shit lets you see the world and do almost anything

I dont know this is the right sub, but i want to export Marble from Turkey,Turkey is one of the largest suppliers in China’s marble imports. Specifically, Turkey’s market share in block marble exports has reached 40%.The city i resident in has the one of the biggest marble quarry , i can reach out and close a good deals, i wonder iis there anyone expert at international trading.I would love too share some knowledge,became friends and partners.

I dont know this is the right sub, but i want to export Marble from Turkey,Turkey is one of the largest suppliers in China’s marble imports. Specifically, Turkey’s market share in block marble exports has reached 40%.The city i resident in has the one of the biggest marble quarry , i can reach out and close a good deals, i wonder iis there anyone expert at international trading.I would love too share some knowledge,became friends and partners.

I want partnership who can give order of ED Meds in Europe.

Plz don't offer me your SEO package I am not interested.

I have mastery in shipping of medicine and I am finding partner who can give order.

And I just have to ship.

some of my competitor are making website and doing advertising but I am not good at this so let's make partnership and sorting things one by one.

Ask questions if you have any confusion

Happy to help :)

Hello, I’m a 26-year-old Moroccan woman with a Master’s in Business Intelligence and 2 years of experience as a data engineer in Morocco. I’m looking for opportunities in Brussels and would like to know what the gross annual salary and net monthly salary for data engineers are. Any insights would be greatly appreciated. Thank you!

The tution fees I see is around or above €20,000, which is a big amount for me and for mba I would need gmat and work experience. What should I consider!!!!??? So confused 🥺

Please provide me with the advantages and disadvantages of pursuing further studies.

Please provide me with the advantages and disadvantages of pursuing further studies.

Merit-Based Trade: How US-EU Negotiations Can Reward Quality and Innovation, Benefiting Companies Like H&M

The trade relationship between the US and the EU is a cornerstone of the global economy, and Swedish companies like H&M, with a significant retail presence in the US, have a vested interest in its success. While existing ties are strong, further negotiations focusing on merit-based principles could unlock even greater economic potential, rewarding companies that prioritize quality, innovation, and sustainability. Here's how:

• Reducing Trade Barriers for High-Quality Goods: Lowering or eliminating tariffs specifically on apparel and textiles that meet certain quality or sustainability standards would directly benefit companies like H&M that invest in higher-quality materials and ethical production. This could lead to lower prices for US consumers or increased profit margins for companies demonstrating merit. This could save companies millions in import costs.
• Streamlining Customs Procedures for Compliant Businesses: Simplifying customs processes for businesses with a proven track record of compliance with trade regulations and ethical sourcing would speed up H&M's supply chain, reducing delays and costs associated with importing goods. This rewards companies that prioritize responsible business practices.
• Mutual Recognition of Standards Focused on Innovation and Sustainability: Harmonizing product safety and labeling standards, such as textile flammability regulations or care label requirements, while also recognizing advancements in sustainable textile production and innovative materials, would reduce the need for H&M to comply with drastically different sets of rules, saving time and resources. This encourages innovation and rewards companies that invest in sustainable solutions.

These merit-based changes would not only benefit companies like H&M that prioritize quality, innovation, and sustainability but also strengthen the overall trade relationship between the US and the EU, creating a more favorable environment for businesses on both sides of the Atlantic. Ultimately, smoother, merit-based trade between the US and the EU fosters economic growth, rewards responsible business practices, and creates more jobs on both continents. What other benefits do you see from improved US-EU trade, especially regarding merit-based principles? Share your thoughts in the comments!

Understanding HS Codes and Their Impact on H&M:

1. What are HS Codes? The Harmonized System (HS) is a standardized international system for classifying traded products, using a 6-digit code with countries adding further digits for more specific classifications.
2. Why are they relevant to trade negotiations? HS codes are the basis for tariff schedules. Each code has a specific tariff rate (import tax). Trade negotiations involve adjusting these rates, often reducing or eliminating them.
3. How do they relate to H&M? H&M imports significant apparel and textiles into the US, classified under HS Chapters 61 (knitted or crocheted) and 62 (not knitted or crocheted). Tariff changes directly affect H&M's import costs and US competitiveness.
4. Specific HS Chapters, Tariff Rates, and Impact:

H&M's imports fall primarily under HS Chapters 61 (knitted or crocheted apparel) and 62 (not knitted or crocheted apparel). Tariffs on apparel from the EU vary significantly depending on the specific garment, its composition (especially fiber content), and applicable trade agreements. It's crucial to understand that "General" rates apply to countries without special trade agreements, while "Special" rates are often lower due to Most Favored Nation (MFN) status, which applies to the EU. Therefore, it is essential to consult the HTSUS for precise rates.

• Chapter 61: Knitted or Crocheted Apparel:
  • T-shirts (HS Code 6109.10): Men's or boys' singlets and other vests, undergarments, knitted or crocheted, of cotton. 
    • General Rate: 16.5%
    • Most Important: Consult the HTSUS for specific EU rates, which may be significantly lower.
  • Sweaters/Pullovers (HS Code 6110): Sweaters, pullovers, cardigans, waistcoats and similar articles, knitted or crocheted. 
    • Tariffs vary significantly based on fiber content (wool, cotton, synthetic). For example:
    • Consult the HTSUS for specific EU rates.
  • Dresses (HS Code 6104): Women's or girls' dresses, knitted or crocheted. 
    • Tariffs also vary based on fiber content.
    • Consult the HTSUS for specific EU rates.
• Chapter 62: Not Knitted or Crocheted Apparel:
  • Trousers/Pants (HS Code 6203.42): Men's or boys' trousers, breeches and shorts, of cotton.
    • General Rate: 16.9%
    • Most Important: Consult the HTSUS for specific EU rates.
  • Shirts/Blouses (HS Codes 6205, 6206): Tariffs vary based on fiber content and other factors. Consult the HTSUS for specific EU rates.
  • Jackets/Blazers (HS Codes 6203, 6204): Tariffs vary based on fiber content and other factors. Consult the HTSUS for specific EU rates.
• Impact of Tariff Changes: Reducing or eliminating tariffs in Chapters 61 and 62 will lower H&M's import costs, strengthening their competitive position, potentially boosting profits, and potentially leading to lower prices for US consumers. Focusing negotiations on sustainable apparel would further benefit H&M's Conscious line.
• Rules of Origin: Changes to these rules could force H&M to adjust sourcing to qualify for preferential tariffs, impacting supply chains.

If the general tariff rates are in the 15-16% range (and remember, the actual rates for EU imports could be lower due to MFN status or other agreements), it creates a strong incentive and a good starting point for negotiations aimed at tariff reduction or elimination. The current tariff levels, in the 15-16% range for some apparel categories, provide a strong basis for negotiations aimed at tariff reduction or elimination. The concept of merit-based trade adds another layer to these discussions, creating an opportunity to reward companies that prioritize quality, innovation, and sustainability. This could lead to a more efficient and equitable trade relationship between the US and the EU, benefiting businesses like H&M, consumers, and the broader economies on both sides of the Atlantic.

The key takeaway is that even relatively moderate tariffs like 15-16% can have a significant impact on businesses and that targeted tariff reductions within the context of broader trade negotiations can create a win-win scenario for all stakeholders.

The Kousisis v. United States case has the potential to reshape the global corporate landscape. A strong ruling in favor of the government could have far-reaching implications for corporate governance, ethical business practices, and international trade.

Strengthening Corporate Governance

• Robust Internal Controls: Companies may be compelled to implement stronger internal controls and compliance programs.
• Enhanced Risk Management: A clearer legal framework could empower companies to proactively identify and mitigate risks.
• Increased Board Oversight: Boards of directors may be forced to exercise greater vigilance in overseeing executive compensation and related-party transactions.
• Enhanced Whistleblower Protection: Stronger whistleblower protection laws could encourage employees to report wrongdoing without fear of retaliation.

Promoting Ethical Business Practices

• Clear Ethical Standards: A robust legal framework could establish clear ethical standards and expectations.
• Increased Accountability: Executives and board members may face greater personal liability for fraudulent or unethical conduct.
• Prioritized Social and Environmental Responsibility: Companies may prioritize social and environmental responsibility.

Shaping the Global Business Landscape

A strong ruling could:

• Attract Foreign Direct Investment (FDI): A strong regulatory environment can attract foreign investment, boosting domestic manufacturing and job creation.
• Enhance Investor Confidence: Bolster investor confidence in the U.S. legal system.
• Promote Innovation and Economic Growth: A clear and predictable legal framework can foster innovation and entrepreneurship.
• Strengthen International Cooperation: Encourage international cooperation in combating transnational crime and corruption.

By setting a strong precedent, the Kousisis case could significantly impact corporate behavior, international trade, and public safety. A well-balanced regulatory environment can promote economic growth, create jobs, and protect consumers, ultimately leading to a more just and equitable society.

I am an Italian typographer, working for both manufacturing and luxury sector (both printing and packaging). My intention is to develop my business into the US, what are your suggestions? Is that a good idea?

Hello, just like the title says, does anyone have any insight on IB, I am considering perusing that in college and making it my career.

Hello everyone,I am reaching out for advice regarding a troubling situation we are facing. We made a payment of €90,000 for forklifts to a Hong Kong company that has an office in Shanghai. Prior to this transaction, we had successfully completed several smaller deals without any issues.However, the seller (who appears to be a fraud) provided us with a fake bill of lading. After conducting a verification check, we discovered that it was not legitimate.Given that the seller is located in Shanghai and we paid the Hong Kong company, is there any way to resolve this issue? Any guidance or suggestions on how to proceed would be greatly appreciated.

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Hello, I am considering getting a bachelor's degree in business administration with a minor in international business. I am here to ask if anyone has any advice or insight. Pay? Demand/availability? Day-to-day? Any insight would help.

Hello! To anyone who has any knowledge on the Russia Ukraine War, I need your help. I've been working on a project over the semester in regards to how the Russia Ukraine War has impacted International Business. Below I will have a list of questions for anyone to answer. To the best of your ability. I hope anyone can help me with this as my project is due soon. Thank you and take care. P.S., email me your answers. My email is jdieker112@gmail.com. Send your responses ASAP!

1. What multinational companies were pulling out and protesting against Russia? Were their any companies from the US, China or EU that you know of?
2. Despite some businesses pulling out and rebelling, how about companies that didn't try to protest? What caused those companies to stay in business? (EU, China or US) 
3. Were their any businesses that gained an advantage when it came to the war?
4. For the countries that were negatively impacted by the war, did this contribute to loss in FDI investments or rises in inflation or both?
5. Was there a particular industry that was impacted most by the War?  
6. How did the Global Supply Chain get affected in China, United States and the European Union?

Hi everyone! I’ve recently completed my degree in International Business, but I’m currently working in a job that’s not directly related to my major. I’m really eager to transition into a role that aligns more with my education and interests in global trade, multinational corporations, or international markets. What career opportunities are out there for someone like me who wants to make that shift? Are there specific industries, companies, or roles that typically hire international business graduates? Also, what steps should I take to move into an International Business-related role—should I look into additional certifications, skills, or networking strategies? Any advice would be greatly appreciated! Thanks in advance.

Hello, I am gonna begin studying international business next year and wanted to know if employers value that additional degree, or if it pays better, especially in foreign countries (from U.S.). Thanks!

We have a Canadian corporation that has shareholders that hold Canadian, Russian, and UK passports. RBC told us we could not open up a business chequing account in Canada due to there being 2 international shareholders without both of them coming to a branch in person to verify. Anyone else dealt with this issue? How can a company with international stakeholders open a chequing account? I’m sure I can’t be the only one in this boat

Hi everyone,

I’m a growth marketer specializing in partnerships, networking, and event marketing, and I’m exploring the challenges international companies face when entering the US market. While I’m familiar with common hurdles like legal and regulatory compliance, I’m curious to learn about the unexpected or less-discussed obstacles that international business owners encounter.

• Have you faced any cultural differences that impacted your business approach?
• Were there any surprises in customer expectations, marketing strategies, or partnerships?
• How important have networking and partnerships been in establishing a presence here?

I’d love to hear your thoughts and experiences. Your insights will help me better understand the landscape and provide more tailored strategies to help businesses thrive when expanding into the US.

Looking forward to your stories and perspectives!