1 - Chapter One - The Nature and Complexity of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter One -- The Nature and Complexity of International Business Assignments: Read Chapter One in the Required Customized Textbook. In Chapter One we explore the nature of International Business. We note what the major differences between IB and domestic business are. Basically, these fundamental differences arise from firms internationalizing their Value Creation or Value Added Chains (VACs) by first exporting and then investing with FDI (Foreign Direct Investment) to put parts or all of those VACs in otter nations, in other regions. While bringing active management of firms' VACs into new political, economic, social, legal, cultural, and financial environments creates opportunities for both upstream enhanced production and increased downstream sales, it also exposes these firms to increasing complexity and risk that each of these environments present. It is this composite, interrelated complexity of new environmental risks that makes IB so different from domestic business. Listen to the required audio lecture for chapter one in your Customized
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/07/2011 for the course IBUS 330 taught by Professor Nicholson during the Fall '07 term at S.F. State.

Page1 / 2

1 - Chapter One - The Nature and Complexity of...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online