1 - An overview of international business.pptx -...

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International BusinessOverview
What is International Business?
Domestic business vs. International BusinessConversion of currencyLegal systemCultureResources
Risks of InternationalizationRisks inInternationalBusinessCommercialRiskCurrency(Financial)RiskCountry RiskCross-Cultural Risk
Risks of InternationalizationLanguage, lifestyle, customsReligion, values, ethical practicesCross-Cultural RiskGovernment intervention, barriersto tradeCorruption, social and political instabilityCounty RiskFluctuations in exchange ratesForeign taxationCurrency RiskSelecting weak partner, operational problemsPoor execution of strategyCommercial Risk
International Business ActivitiesoExport – Sale of products or services tocustomers located abroad, made in one’s owncountry

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