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chapter 1.pptx

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chapter 1.pptx

  1. 1. An Overview of International Business and Globalisation  Grasp why companies engage in international business and why its growth has accelerated • Define globalization and international business and explain how they affect each other • Discuss globalization’s future and the major criticisms of it • Illustrate the different ways a company can accomplish its global objectives • Recognize the need to apply social science disciplines to understand how international and domestic business differ
  2. 2. The world’s a stage; each plays his part and takes his share.
  3. 3. Globalization  Globalization refers to the widening set of interdependent relationships among people from different parts of a world that happens to be divided into nations.  The term sometimes refers to the elimination of barriers to international movements of goods, services, capital, technology, and people that influence the integration of world economies  wider human connections have expanded people’s access to more varied resources, products, services, and markets
  4. 4. International business  International business consists of all commercial transactions including sales, investments, and transportation between two or more countries.  The goal of private business is to make profits  Government business may or may not be motivated by profit
  5. 5. International Business (IB) is any businessactivity organized and carried out acrossnational borders by business firms inpursuit of their stated aims and objectives.
  6. 6. Studying international business is important because  Most companies either are international or compete with international companies.  Modes of operations may differ from those used domestically.  The best way of conducting business may differ by country.  An understanding helps you make better career decisions.  An understanding helps you decide what governmental policies to support
  7. 7. international business is important because  Helps as growth strategy: -Geographic expansion may be used as a business strategy. Even though companies may expand their business at home.  Helps in managing product life cycle:- every product has to pass through different stages of product life cycle-when the product reaches the last stages of life cycle in present market, it may get proper response at other markets  Technology advantages: -some companies have outstanding technology advantages through which they enjoy core competency. This technology helps the company in capturing other markets.  New business opportunities:- business opportunities in overseas markets help in expansion of many companies. They might have reached a saturation point in domestic market.
  8. 8.  Earning foreign exchange:-international business helps in earning foreign exchange which may be used for strategic imports .India needs foreign exchange to import crude oil, raw material and machinery  Investment in infrastructure:- international business necessitates proper development of infrastructure.
  9. 9. History of globalization : First phase of globalization(1870-1914 )  Triggered by The growth of railroads efficient ocean transport rise of large manufacturing and trading companies invention of telegraph and telephoneIncrease in export

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