INTERNATIONAL BUSINESS SLIDES

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. The world’s a stage; each
plays his part and takes his
share.

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. 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. International Business (IB) is any
businessactivity organized and carried
out acrossnational borders by business
firms inpursuit of their stated aims and
objectives.

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. 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.  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. 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