International Business Management_IMGT430School of BusinessDepartment of Management & International ManagementIMGT430- Chapter 1An Overview of International BusinessChapter 1
Learning Objectives1.1-Discuss the meaning of international business.1.2-Explain the importance of understanding internationalbusiness.1.3-Identify and describe the basic forms of internationalbusiness activities.1.4-Discuss the causes of globalization.IMGT430- CHAPTER 1
Opening Case:The Business of the OlympicsCities compete for the privilege to host the Olympic games to bein the international spotlight and to promote economic growth.Both the IOC and national Olympic committees are always onthe alert for ways to generate revenue.◦Television coverage provides one significant source of revenue.◦Corporate sponsors are another important source of revenue.IMGT430- CHAPTER 1
Objective 1: What is International Business?
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IMGT430- CHAPTER 1
BusinessInternationalvs.DomesticLEGALCommon, Civil,Religious,BureaucraticCULTURESThe way they do things inother countriesRESOURCESAvailability andcomposition of humanand nonhumanCURRENCYExchange rate RiskIMGT430- CHAPTER 1