ch07 - MODULE7 BUSINESS What is the nature of international...

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MODULE 7 GLOBALIZATION AND INTERNATIONAL  BUSINESS “The world isn’t just for travelers” What is the nature of international business? What are multinational corporations and how do they work?
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GLOBALIZATION AND INTERNATIONAL BUSINESS The Nature of International Business MODULE GUIDE 7.1   Globalization creates international business  opportunities.  International business is done by global  sourcing, import/export, licensing, and  franchising.  International business is done by joint ventures  and wholly owned subsidiaries.  International business is complicated by  different legal and political systems.
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THE NATURE OF INTERNATIONAL BUSINESS Globalization Global Economy Resources, markets and competition are worldwide in scope. Globalization The process of growing interdependence among elements of the global economy. Global Sourcing Firms purchase products and services from around the world for local use.
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THE NATURE OF INTERNATIONAL BUSINESS Globalization International Business Conducting commercial transactions across national boundaries Five Reasons to Pursue International  Business  1. Expanded profit potential  2. More customers  3. More capital  4. Lower cost suppliers  5. Lower costs of labor 
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GLOBALIZATION International Business Exporting Local products are sold abroad Importing
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This note was uploaded on 09/23/2010 for the course MGMT 3031 taught by Professor C during the Spring '09 term at UH Clear Lake.

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ch07 - MODULE7 BUSINESS What is the nature of international...

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