INBS 346--Chapter 1, Ball et al

INBS 346--Chapter 1, Ball et al - Reading Assignment...

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1-1 1-1 Globalization and International Business International Business Reading Assignment: Chapter One
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1-2 1-2 Globalization Globalization: l The shift toward a more integrated and interdependent world economy - Two Facets of Globalization: - the globalization of markets - the globalization of production
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1-3 1-3 Globalization Forces Globalization Forces Globalization 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 forces that - lead to advances in computers and communications technology - allow low cost network computing and ubiquitous Internet collaboration across borders
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1-4 1-4 Globalization Forces Globalization Forces Globalization 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 businesses
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1-5 1-5 What 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 countries
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