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Janis Wardrop for their contributions to the materials in the
Sustainability lecture. Global Perspective
– world oriented view focusing on the best approaches and people
from around the world Global perspective • Parochialism
– viewing the world solely through your own eyes
and perspective. • Ethnocentrism
– best work approaches and practices come from the
home country. • Polycentrism
– managers in the host country know the best work
approaches & practices. What
What is International Business (IB)?
“International Business is any commercial transaction that crosses the
borders of two or more nations” Commercial Transactions include: Goods, Services, Technology, Intellectual Property &Capital Other Perspectives of International Business
Openness associated with globalisation and internet
– The rise of Multinational Corporations (MNCs)
– Jobs/ wealth creation versus “race to the bottom” of labour
standards (E.g. Nike sweatshops, Foxconn workers’ suicides
– Increase movements across borders
Sustainability (Link to Part 1:Creating sustainable organisations) –
– global warming
emission trading schemes and carbon taxes
renewable energy technologies and energy efficiencies
Safe practices of getting rid of commercial wastes How different is it from doing business locally? Is it more complex?
Economic Borders (Types of Economic systems – market vs command, EU, ASEAN, NAFTA)
Borders of Mind and Habit Political and Legal
The politics of the situation?
Is the law, Law? Various Modes of Entry
Foreign Direct Investment (FDI)
Other options International Business is Different (Challenges & Opportunities)
Political, Social, Cultural, Legal, Economic (PESTLE Analysis)
• operating in an unfamiliar environment (E.g. Beer market in China)
• Protectionism policies (E.g. Anti-dumping laws, “unfair subsidies”, Import
• Policies to attract foreign investment (E.g. FTZ in China, Low corporate tax
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This note was uploaded on 04/08/2014 for the course MGMT 1001 taught by Professor Danielellason during the Two '09 term at University of New South Wales.
- Two '09