The term globalization derives from the word globalize, which refers to the emergence of an international network of economic systems. Globalisation refers to rapid increase in the share of economic activity taking place across national borders. It goes beyond the international trade includes goods and services, delivered &sold & movement of capital.
Globalization or globalisation is the trend of increasing interaction between people or companies on a worldwide scale due to advances in transportation and communication technology, normally beginning with the steamship and the telegraph in the early to mid-1800s. With increased interactions between nation-states and individuals came the growth of international trade, ideas, and culture. Globalization is primarily an economic process of integration that has social and cultural aspects, but conflicts and diplomacy are also large parts of the history of globalization.
The term globalization derives from the word globalize, which refers to the emergence of an international network of economic systems. Globalisation refers to rapid increase in the share of economic activity taking place across national borders. It goes beyond the international trade includes goods and services, delivered &sold & movement of capital.
Globalization or globalisation is the trend of increasing interaction between people or companies on a worldwide scale due to advances in transportation and communication technology, normally beginning with the steamship and the telegraph in the early to mid-1800s. With increased interactions between nation-states and individuals came the growth of international trade, ideas, and culture. Globalization is primarily an economic process of integration that has social and cultural aspects, but conflicts and diplomacy are also large parts of the history of globalization.
International Marketing Environment/trade barriers/ regional blocks/country r...viveksangwan007
Punjab technical university-syllabus of MBA 907, international marketing unit 2, ch.1 International Marketing Environmen, country risk analysis ch.2 trade barriers ch.3 regional blocks
Complete detail on International Business Dynamics first Module-1
Introduction Chapter, Contents Meaning and definition of International Business to Significance to Aid International Managers please go through it, If any inputs or queries reach me through Instagram and Facebook (allnewcrazy)
Study of International Business Articles.
Part 1: Essential of International Business.
Part 2: Theories applied to International Business.
Part 3: Bargaining Approach and Resources.
Part 4: International Business Phenomena.
Part 5: Internalization.
Part 6: Competitive advantages.
Introduction, DEFINITION OF INTERNATIONAL BUSINESS, Important, Why Companies Engage in International Business, Scope of International Business, Modes of entry into International Business, SPECIAL DIFFICULTIES IN INTERNATIONAL BUSINESS, BENEFITS OF INTERNATIONAL BUSINESS and Internationalization process and managerial implications.
“The aim of international trade is to increase production and to raise the standard of living of the people. International trade helps citizens of one nation to consume and enjoy the possession of goods produced in some other nation.”
International Marketing Environment/trade barriers/ regional blocks/country r...viveksangwan007
Punjab technical university-syllabus of MBA 907, international marketing unit 2, ch.1 International Marketing Environmen, country risk analysis ch.2 trade barriers ch.3 regional blocks
Complete detail on International Business Dynamics first Module-1
Introduction Chapter, Contents Meaning and definition of International Business to Significance to Aid International Managers please go through it, If any inputs or queries reach me through Instagram and Facebook (allnewcrazy)
Study of International Business Articles.
Part 1: Essential of International Business.
Part 2: Theories applied to International Business.
Part 3: Bargaining Approach and Resources.
Part 4: International Business Phenomena.
Part 5: Internalization.
Part 6: Competitive advantages.
Introduction, DEFINITION OF INTERNATIONAL BUSINESS, Important, Why Companies Engage in International Business, Scope of International Business, Modes of entry into International Business, SPECIAL DIFFICULTIES IN INTERNATIONAL BUSINESS, BENEFITS OF INTERNATIONAL BUSINESS and Internationalization process and managerial implications.
“The aim of international trade is to increase production and to raise the standard of living of the people. International trade helps citizens of one nation to consume and enjoy the possession of goods produced in some other nation.”
international business
,
what is culture
,
values andnorms
,
culture
,
society
,
and the nation-state
,
hofstede’s cultural dimensions in dubai
,
spoken language
,
individuals and groups
,
cultural dimensions in germany
,
cultural dimensions in china
,
cultural dimensions in india
,
cultural dimensions in england
,
social structure
,
religious and ethical systems
,
islam
,
implications for managers
Globalization refers to the changes in the world where we are moving away from self-contained countries and toward a more integrated world. Globalization of business is the change in a business from a company associated with a single country to one that operates in multiple countries.
Thinking of a career in international business? See if you and an international job environment are a good fit. Fuel the growth and success of multinational corporations with a career in international business. You’ll find many exciting opportunities for work at home and abroad. An increasing number of businesses now conduct business globally. In international business you’ll engage with global and cultural business issues as an import/export agent, translator, foreign currency investment advisor, foreign sales representative, international management consultant and more. If you’re in interested in learning where international business can take you, learn which personal and professional traits you’ll need to succeed.
Unit I (8 lectures)
Introduction: Definition, Nature, Scope, Trends, Challenges & Opportunities, Meaning and
Theories of International Trade.
International Financial Perspectives: International Monetary Systems and Financial Markets,
IMF, World Bank, IBRD, IFC, IDA
MGMT 4710
INTERNATIONAL BUSINESS
CHAPTER 1. GLOBALIZATION
I. INTRODUCTION
As individuals and organizations have expanded their operations across wider geographical areas, global events and competition are affecting almost all firms—large or small. Currently, over 20 percent of world production is sold outside of its country of origin, restrictions on imports continue to decline, the foreign ownership of assets as a percent of world production continues to increase, and world trade continues to grow more rapidly than world production.
Globalization refers to the broadening set of interdependent relationships among people from different nations. International business involves all commercial transactions, including sales, investments, and transportation—private and governmental—between parties of two or more countries.
II. THE FORCES DRIVING GLOBALIZATION
Several factors contribute to the trend toward increased globalization:
1. Increase in and Expansion of Technology:
Vast improvements in transportation and communications technology—including the Internet—have significantly increased the effectiveness and efficiency of international business operations.
2. Liberalization of Cross-Border Trade and Resource Movement
Over time, most governments have been lowering restrictions on trade and foreign investments. It is believed that international competition makes domestic producers more efficient, and gives citizens greater consumer choices and lower prices.
3. Development of Services That Support International Business
Services provided by national and multinational institutions greatly facilitate the conduct and reduce the risks of doing business internationally.
4. Growing Consumer Pressures
Because of innovations in transportation and communications technology, consumers are well-informed about and often able to access foreign products. This has forced competitors to respond to the needs of consumers from all over the world
5.
Increased Global Competition
The pressures of increased foreign competition often persuade firms to expand internationally in order to gain access to foreign opportunities and to improve their overall operational flexibility and competitiveness.
6. Changing Political Situations
The transformation of the political and economic policies of Eastern Europe and East Asia (China and Vietnam in particular) has led to vast increases in trade between these countries and the rest of the world.
7. Expanded Cross-National Cooperation
Governments have increasingly entered into cross-national treaties and agreements in order to gain reciprocal advantages for their own firms, to jointly address problems that one country cannot solve alone, and to deal with areas of concern that lie outside the territory of all countries.
III.
PROBLEMS WITH GLOBALIZATION
Anti-globalization forces have protested both peacefully and violently as they press for legislation and other means to stop or slow the globalization process. The issu ...
I. INTRODUCTION
international Marketing is an important perception for
various economies and countries of the World. The 90’s
decade saw a significant change in the structure of
International Marketing. Technology has changed with many
new advancements and innovations . This has resulted in
having better transport system, good communication methods
which in turn has brought the whole world together and made
it so small. Liberalization, privatization and globalization have
made the term Global Market very significant in nature. This
meant company could produce larger quantity of goods at
cheaper rates just because of technical and technological
changes. That’s why many companies are now forced to look
beyond their domestic boundaries to get entry in global
markets. Newer market meant bigger challenge to conquer
them. This has made international marketing indispensable.
MBA SEM-III
307– International Business Environment
Generic Elective – University Level
1. Introduction to International Business: Importance, nature and scope of International business; modes of entry into International Business, internationalization process. Globalization: Meaning, Implications, Globalization as a driver of International Business. The Multinational Corporations (MNCs) – evolution, features and dynamics of the Global Enterprises. Consequences of Economic Globalization, Brexit, Reverse globalization. (5+1)
2. International Business Environment: Political Economy of International Business, Economic and Political Systems, Legal Environment, Cultural Environment, Ethics and CSR in International Business. (5+1)
3. International Financial Environment: Foreign Investments - Pattern, Structure and effects. Theories of Foreign Direct Investment, Traditional and Modern theories of FDI, Modes of FDI - Greenfield, Brownfield Investments, Mergers and Acquisitions, Motives of FDI, FDI contrasted with FPI. Basics of Forex Market. (5+1)
4. International Economic Institutions and Agreements: WTO, IMF, World Bank, UNCTAD Tariff and Non-tariff Barriers. Balance of Payment Account: Concept and significance of balance of payments, Current and capital account components. Introduction to Basic Concept of IFRS. (5+1)
5. Emerging Issues in International Business Environment: Growing concern for ecology, Digitalisation; Outsourcing and Global Value chains. Labor and other Environmental Issues, Impact of Pandemic COVID-19 on international trade. (5+1)
Chapter 5 How Managers Use Balance of Payments Data – p.213Do.docxrobertad6
Chapter 5: How Managers Use Balance of Payments Data – p.213
Do some research on the items in the table below and see if you see a pattern with the various country’s economies:
1. What is the G7?
2. What is the E7?
G7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
NOTE: When you find the GDP (Gross National Product) note the year – you may not have 2018 statistics. That is okay –find the latest data available. You may need to search for the Ranking of Ease of Doing Business – and then find the countries that make up the G7 or the E7.
NEXT PAGE!
E7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
A. Compare the 2 groups of countries – explain your findings.
Globalization Effects on Country Institutions, People and Business
Chapter 3
Key Points for the Chapter
Economic development comprises positive economic growth and entails changes in a country’s political, economic, and cultural institutions, as well as in individual values, attitudes, and behaviors.
Economic development requires resources from public and private sectors, both internal and external.
Technology transfers by international corporations comprise manufacturing technologies, management organizations, and marketing know-how.
Intro: The Economic Development Process
Economic development is the progress countries make in living standards as they experience positive economic growth and the changes occurring in societal and cultural institutions and values as nations move toward more advanced stages of industrialization.
Economic progress demonstrates human progress, and more pragmatically, it keeps politicians in power, companies busy, and consumers (and voters) optimistic about the future.
Technology Transfers
International trade, investments, and global media have opened world markets up to a variety of modernizing influences.
In general terms, technology transfers occur as corporations enter new markets with products, technologies, lifestyles, and business methods developed in their home and other international markets.
Technology transfers first affect urban segments of developing countries where there are developed infrastructures and pocket of economically significant customers.
As media become commercialization and distribution channels are built into rural areas, greater proportions of developing-country populations come into contact with modernization influences.
4
Positive Effects
Positive effects occur as societies are exposed to broad varieties of products that make lives easier.
Convenience products such as packaged foods, and consumer durables such as refrigerators, radios, televisions, and stoves have positive effects on consumer lifestyles.
New technologies in manufacturing and distribution make products cheaper and more widely available. They provide employment opportunities for lo.
Introducton to international business
concept of international business
features of international business
scope of international business
nature of international business
trends in international business
opportunities in international business
challenges faced by international business
why go for international business
difference between international business and domestic business
these are certain notes that i prepared on Intoducton to international business
hope they help you
these are in a nutshell format.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
2. Learning Objectives
To understand the meaning of Globalization
To understand the drivers of Globalization
To learn the concept of international
business.
To understand the reasons for international
business expansion
To appreciate the opportunities and
challenges offered by international business.
2
3. The Globalization phenomenon
‘Globalization ‘ refers to the free cross
border movement of goods, services,
capital, information and people.
It is the intensification of cross-national
economic, political, cultural, social and
technological interactions that leads to
establishment of transnational
structures.
3
4. Globalization : Defined
May be defined as the process of
integration and convergence of
economic, financial, cultural and
political systems across the world.
4
5. Globalization dimensions:
Economic Globalization
Internationalization of markets, financial
system, corporations, technology and
competition.
Financial Globalization
Liberalization of capital movements and
deregulations of financial services.
Integration of financial markets.
Cultural Globalization
Convergence of cultures across the world.
5
6. Drivers of Globalization
Increase in and expansion of
technology:
• Most ‘modern marvels’ have been
invented in recent times.
• More percent of population involved in
developing new products.
• Pace of new development very fast.
• Technology sharing also very fast.
6
7. Drivers of Globalization
Advances in Communications and
Transportation :
Strides in communications and
transportations makes people aware
about the new products fast.
Cost of improved transportation and
communication have come down.
7
8. Liberalization of Cross-Border Trade
and Resource Movements :
Most governments have reduced
restrictions on inernational movements of
products and services because:
Citizens want a greater variety of goods
and services at lower prices.
Competition spurs domestic producers to
become more efficient.
They hope to induce other countries to
lower their barriers in turn.
8
9. Development of services that
support International Business:
Companies and govts. have developed
a variety of services that facilitate
conduct of international business.
Eg. Bank credit agreements, clearing
arrangements, insurance that covers
risk of damage en route and non
payment, special schemes of govt etc.
9
10. Growing Consumer Pressures :
Consumers are aware of the latest products and
services available in other countries.
So they want more, newer, better and differentiated
products.
Increased Global Competition :
Competition spurs movement to newer markets.
Mergers and acquisitions across the border may
improve operating efficiencies.
10
11. Changing Political Situation:
Less schism between non-communist and
communist world.
Willingness among governments to promote
international trade. (development of sophisticated
airports and seaports, info. on foreign markets
etc.).
Expanded Cross National
Cooperation
Bilateral, Multilateral treaties for cooperation
in trade, usage of infrastructural facilities for
trade, reduction of trade barriers etc.
11
12. What is International Business?
International business consists of all
commercial transactions taking place
between two countries. These
transactions include sales, investment
and transportation by government or
private companies with or without the
objective of making profit.
12
13. Reasons for International Business
Expansion
Market Seeking Motives:
Marketing Opportunities due to life
cycles of products
Uniqueness of product or service
eg. Himalayan herbs and Indian
medicinal plants, software deveopment at competitive prices, value
added BPO/KPO services etc.
13
14. Reasons for International
Business Expansion…
Economic Motives:
Profitability
Higher profits from overseas business is a significant motive for
intl. expansion.
Differences in profitability due to :
Price differentials in various country markets
Export Incentives by home country govt.
Fiscal incentives by host country govt.
Low cost and abundant availability of factors of production.
Low intensity of competition in foreign markets .
14
15. Reasons for International
Business Expansion…
Economic Motives :
Achieving economies of scale:
Large scale production capacities necessitate
domestic firms to dispose off their goods in intl.
markets.
Moreover global business also contribute to
synergies and increased economies even in
marketing, logistics, supply chain and other
functional areas.
15
16. Reasons for International
Business Expansion…
Economic Motives:
Spreading R&D costs:
R& D intensive companies like those in software,
Pharmaceuticals, micro processors etc. need to
recover costs speedily by spreading business in
newer and profitable markets. So international
business expansion is critical for their success.
16
17. Reasons for International
Business Expansion…
Strategic Motives
Growth:
For companies with small home markets growth is
possible by moving to larger markets in other countries.
For e.g. Singapore, Malaysia, Thailand, Norway,
Sweden, Finland etc.
Risk Spread:
International expansion is also used to mitigate risk of
economic upheavals in the home market. Operating in
several countries reduces dependence on any
17
particular market .
18. Globalization : Challenges
Opening up of domestic market to foreign
companies increases competition even
for firms solely operating in domestic
markets.
Liberal investment regime facilitates intl.
Cos. In establishing business operations,
giving rise to increased competition to
firms that have been used to operate in
protected economies.
18
19. Globalization : Opportunities
Increased market access and reduced tariffs
make foreign markets not only accessible , but
increases competitiveness as well.
Liberalization of regulatory framework helps
investment and expansion in foreign markets.
It give opportunity for integration of business
operations on a global scale.
It gives opportunities for foreign collaborations
and ownership.
19
20. Types of International Business
Export-import trade
Foreign direct
investment
Licensing
Franchising
Management contracts
20
21. International Business Questions
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?
21