INBS 346--Chapter 1, Ball et al

INBS 346--Chapter 1, Ball et al - -11-11-1Globalization...

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Unformatted text preview: 1-11-11-11-11-1Globalization andInternational BusinessInternational BusinessReading Assignment: Chapter One1-21-21-21-21-2GlobalizationGlobalization: lThe shift toward a more integrated and interdependent world economy-Two Facets of Globalization:-the globalization of markets -the globalization of production 1-31-31-31-31-3Globalization ForcesGlobalization ForcesGlobalization is a result of:-Political forces that-reduce barriers to trade and foreign investment by governments-induce privatization of industries of former communist nations-Technological forcesthat-lead to advances in computers and communications technology -allow low cost network computing and ubiquitous Internet collaboration across borders1-41-41-41-41-4Globalization ForcesGlobalization ForcesGlobalization is a result of:-Market forces-lead to globalizing companies’ need for their suppliers to globalize too-allow easier revenue seeking activity abroad due to home market saturation-Cost forces-demand economies of scale -- product line and manufacturing -- to reduce unit costs-lower cost production factor seeking efforts in other countries-Competitive forces-more intense due to explosive growth internationally of small and new businesses1-51-51-51-51-5What is International Business?What is International Business?-any business transaction across national borders-Trade in goods-Cross-border services-consulting, advertising, legal, financial, accounting-tourism, banking, communications/media, construction management, etc. -Company activity inputs may involve IB activity even if outputs do not-Firm’s revenues may come entirely from the home country, but key raw materials, knowledge, and processes may come partially or entirely from other countries1-6...
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This note was uploaded on 12/17/2010 for the course INBS 346 taught by Professor Ike during the Fall '10 term at Montclair.

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INBS 346--Chapter 1, Ball et al - -11-11-1Globalization...

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