CBA 300 text test review.docx - READINGS TEXT(5 chapters 6...

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READINGS TEXT (5 chapters - 6 questions each chapter) Chapter 1 How does the book define international business? P.8 - is a business whose activities are carried out across national border How does the book define a global company? P.9 Is an organization that attempts to standardize and integrate operations worldwide in most or all functional areas How does the book compare domestic business environments with foreign business environments? P.11 - Domestic All the uncontrollable forces originating in the home country that surround and influence the life and development of the firm. Forces managers are most familiar For example, if the home country is suffering from a shortage of foreign currency, the government may place restrictions on overseas investment to reduce its outflow. - Foreign Same concept as domestic environment but they occur outside the firm’s home country Operate differently for several reason o Forces have different values o Forces can be difficult to assess o The forces are interrelated According to the text what is the role of management of a company’s domestic and international business P.10 Management exert influence- such as lobbying for change in a law and heavily promoting a new product that requires a change in cultural attitude No control over external forces (competition, distribution, economic, social economic,, financial, legal , physical, political ,socio cultural, labor technological Has control over internal forces such as factors of production (capital, raw materials, people) 1 Q on international business history P.13 Before a time of Christ, Phoenician and Greek merchants were sending representatives abroad to sell their goods; China stimulated the emergence of an internationally integrated trading system. “All roads lead to china” The rise of the Ottoman Empire before 1300, ultimately spanning Europe, North Africa, and the Middle East, influenced trade routes for people, goods, money, animal, and microorganisms that spanned from England to china, across the Mediterranean and North Africa, and through Central Asia and the Indian Ocean region In 1600, Great Britain’s British East India company established branches throughout Asia 17 th and 18 th centuries have been coined the term “Age of Mercantilism” Globalization and Labor Economic globalization- the tendency toward an international integration of goods, technology, information, labor, and capital, or the process of making integration happen; first coined by Theodore Levitt. - 5 drivers of globalization
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Political o North American Free Trade Agreement, European Union o Two aspect that contributed to the globalization of business operation 1. The progressive reduction of barriers to trade and foreign investment by most governments, which is hastening the opening of new markets by international firms 2. The privatization of much of the industry in formerly communist nations and the opening of their economies to global competition Technological o
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