summary.pdf - Summary International Business Chapters 1 2 3 4 5 6 7 9 10 11 12 13 14 16 17 written by Tomdehaan98 The Marketplace to Buy and Sell your

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Summary International Business Chapters 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 13, 14, 16 & 17 written by Tomdehaan98 The Marketplace to Buy and Sell your Study Material On Stuvia you will find the most extensive lecture summaries written by your fellow students. Avoid resits and get better grades with material written specifically for your studies. Downloaded by: ZoeyJiang | [email protected] Distribution of this document is illegal
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Tom de Haan Book: Global Business (fourth edition) by Peng International Business for E&BE SUMMARY INTERNATIONAL BUSINESS Chapters 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 13, 14, 16 & 17 Stuvia.com - The Marketplace to Buy and Sell your Study Material Downloaded by: ZoeyJiang | [email protected] Distribution of this document is illegal
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Stuvia.com - The Marketplace to Buy and Sell your Study Material Samenvatting IB Ch. 1: “Globalizing Business” 1.1 What Is Global Business? International Business: a business (firm) that engages in international economic activities, and the action of doing business abroad. The most frequently used foreign entrant is multinational enterprise (MNE), a firm that engages in foreign direct investment (FDI). Global Business: business around the globe. Instead of ‘developing country’, the term ‘emerging economy’ is used. 1.2 Why Study Global Business? n.v.t. 1.3 A Unified Framework “What determines the success and failure of firms around the globe?” Institutional-based view: success and failures of firms are enabled and constrained by institutions, the rules of the game, which deals with external environment. o Formal institutions: laws, regulations and rules. o Informal institutions: values, cultures and ethics. Resourced-based view: success and failures of firms are enabled and constrained by a firm’s internal resources and capabilities. Doing business abroad is challenging. Foreign firms have to overcome a liability of foreignness , which is an inherent disadvantage that foreign firms experience in host countries because of their non-native status. 1.4 What Is Globalization? Globalization is the close integration of countries and peoples of the world. Three views on globalization: A new force sweeping through the world in recent times: new phenomenon beginning in the late 20 th century, driven by technological innovations. A long-run historical evolution since the dawn of human history: for example, the Roman Empire. A pendulum that swings form one extreme to another from time to time: this explains the ups and downs in globalization. The two sides of globalization: Localisation or total isolation: treating each country as a unique market. Total globalization: treating the entire world as one market. Between total isolation and total globalization, we find semi-globalization .
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