INTERNATIONAL BUSINESS BY: SAPANDEEP SINGH CHOUHAN MBA 2ND SEM ROLL NO.

What is international buisness

International business is business whose activities are carried out across national borders. This definition includes :

not only international trade and foreign manufacturing but also the growing service industry in areas such as transportation, tourism, advertising, construction, retailing, wholesaling, and mass communications.

Types of international buisness

1) International buisness
2) Foreign buisness 3) Multi domestic buisness 4) Global company 5) International company

INTERNATIONAL BUISNESS
Is a business whose activities are carried out

across national borders. These include not only international trade and foreign manufacturing but also the growing servise industry in areas such as tranportation, tourism, advertising, construction retailing, wholesaling, and mass communications.. ,

FOREIGN BUSINESS
Denotes to the oprations of company

outside its home or domestic market; may refer to this as business conduct within a foreign country.This term sometime is used interchangeably with international business.

MULTIDOMESTIC BUISNSS
Is an organization with multicountry affiliates, each of which formulates its own business strategy based on perceived market differences.

Global company
Is an organization that attempts to

standardize and integrate operations worldwide in most or all functional areas.

INTERNATIONAL COMPANY
It is simply a global or multidomestic

company.

Nature of international buisness

1) Accurate Information 2) Information not only accurate but should be timely 3) The size of the international business should be large 4) Market segmentation based on geographic segmentation 5) International markets have more potential than domestic markets

Scope and need of international buisness

1. International Marketing

2. International Finance and Investments 3. Global HR 4. Foreign Exchange 5. To achieve higher rate of profits

 Availability of technology and managerial

competence . Cost of manpower, transportation . Nearness to raw material . Liberalisation, Privatisation and Globalisation (LPG) . To increase market share . Increase in cross border business is due to falling trade barriers (WTO), decreasing costs in telecommunications and transportation; and freer capital markets

 10. Nearness to raw material

11. Liberalization, Privatization and Globalization (LPG) 12. To increase market share 13. Increase in cross border business is due to falling trade barriers (WTO), decreasing costs in telecommunications and transportation; and freer capital markets

Reasons for Recent International Business Growth

1. Expansion of technology

2. Business is becoming more global because Transportation is quicker Communications enable control from afar Transportation and communications costs are more conducive for international operations 3. Liberalization of cross-border movements 4. Lower Governmental barriers to the movement of goods, services, and resources enable Companies to take better advantage of international opportunities

3. Liberalization of cross-border movements 4. Lower Governmental barriers to the movement of goods, services, and resources enable Companies to take better advantage of international opportunities

Problems in International Business

1. Political factors 2. High foreign investments and high cost 3. Exchange instability 4. Entry requirements 5. Tariffs, quota etc. 6. Corruption and bureaucracy 7. Technological policy

GLOBALIZATION
The most common definition and the one

used in international business is that of economic globalization the tendency toward an international integration of goods, technology information, labor, and capital, or the process of making this integration happen.

THANK YOU