I. OVERVIEW OF INTERNATIONAL BUSINESS AND GLOBALIZATION.pdf...

This preview shows page 1 - 5 out of 12 pages.

OVERVIEWOFINTERNATIONALBUSINESSANDGLOBALIZATIONINTRODUCTIONInternational Businessoconsistsofallcommercialtransactionsbetweentwoormorecountries.othegoalofprivatebusinessistomakeprofits.ogovernment businessmayormaynot bemotivatedbyprofit.Globalizationoreferstothewideningsetofinterdependentrelationshipsamongpeoplefromdifferentpartsofa world that happens tobe dividedintonations.eliminationofbarrierstointernationalmovementsof goods,services,capital,technologyandpeoplethatinfluenceintegrationof
worldeconomies.INTRODUCTIONStudyinginternationalbusinessisimportantbecause:MostcompaniesareeitherinternationalorcompetewithinternationalcompaniesOModesofoperationsmaydifferfrom thoseuseddomesticallyThebestwayofconductingbusinessmaydifferbycountryAnunderstandinghelpsyoumakebettercareerdecisionsAnunderstandinghelpsyoudecidewhatgovernmentalpoliciestosupportFactorsin InternationalBusiness OperationsOPERATINGENVIRONMENTOPERATIONSPHYSICALANDSOCIALFACTORSPoliticalpoliciesandlegalpracticesCulturalfactorsEconomicforcesGeographicalinfluencesOBJECTIVESSalesexpansionResourceacquisitionRiskminimization
STRATEGYCOMPETITIVEFACTORSCompetitiveproductstrategyCompany resourcesandexperienceCompetitorsineachmarketModesImportingandexportingTourismandtransportationLicensingandfranchisingTurnkeyoperationsManagementcontractsDirectandportfolioinvestment(includingjointventures)MEANSFunctionsOverlyingAlternativesMarketingChoiceofcountriesManufacturingOrganizationandandsupply-chaincontrolmechanismsmanagementAccountingFinanceHumanresourcesFactorsinIncreasedGlobalizationIncreaseinandApplicationofTechnologyoincludes
newproducts, such as hand-heldmobiletechnologydevicesandnewapplicationof oldproductsoReasonsfortechnicaldevelopmentsoPopulationgrowthORisingproductivityOAdvancesinCommunicationandTransportationoallowspeopletodiscoveranddesireproductsandservicesdevelopedinfarpartsofthe

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 12 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
Atty. Lozano Brozas
Tags
Trigraph

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture