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IMPORTANCE-EVOLUTION-ROUTES-WORLD IN GENERAL
business or more
International Business comprises a large and growing portion of the worlds total business. International Business usually takes place within a more diverse external environment.
causes the flow of ideas, services, and capital across the world offers consumers new choices permits the acquisition of a wider variety of products facilitates the mobility of labour, capital, and technology provides challenging employment opportunities reallocates resources, makes preferential choices, and shifts activities to a global level
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SCOPE OF INTERNATIONAL BUSINESS MANAGEMENT How will an idea, good, or service fit
into the international market? Should trade or investment be used to enter a foreign market? Should supplies be obtained domestically or abroad? What product adjustments are necessary to be responsive to local conditions? What are the threats from global competitors, and how can these threats be counteracted?
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Commercial risk spread across several countries Experience curve effect (more often a task is performed the lower will be the cost of doing it). Economics of scope (suitable combination of product line and mix) Preempt competition Enhancing profit zone
Demand Adaptation
How important is comparative advantage when competing internationally? What are the primary differences between domestic and international business?
E - Other Operational Definitions - Strategic Alliances F Multinational Corporations, Multinational enterprises, Transnational Companies, Global Company, Multidomestic Company
EXTERNAL INFLUENCES ON INTERNATIONAL BUSINESS Understanding a Companys Physical and Societal Environment Managers need a working knowledge of business operations, a working Knowledge of political sciences, law, anthropology, sociology, economics, and geography.
capitalism (free market economy)has been pushed by Technology The failures of socialism East Asias success Economic freedom is on the rise Formation of international economic union Communism has collapsed
02/06/09
- ASEAN, CEA, India, South Korea. Latin America - Mexico, Argentina, Brazil. Africa - South Africa. Europe - Poland, Turkey