Global Management 2
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World trade has significant implications for multinational enterprises (MNEs) and smaller companies. It provides opportunities for market expansion but also political, economic, and cultural challenges. MNEs must consider factors like local product regulations, profit regulations, cultural differences, and economic conditions when operating in foreign countries. Smaller companies also face these challenges when engaging in world trade and must strategically consider issues like local infrastructure and taxation policies. Cultural differences especially impact how MNEs structure relationships between headquarters and subsidiaries.
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Unit 1: Environmental Context of International Business, Framework for analyzing international
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Global Trading Environment: World trade in goods and services – Major trends and developments;
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Unit 3: International Economic Institutions and Agreements: WTO, IMF, World Bank UNCTAD,
Agreement on Textiles and Clothing (ATC), GSP, GSTP and other International agreements;
International commodity trading and agreements.
Unit 4: Multinational Corporations and their involvement in International Business: Issues in
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Other Issues: Growing concern for ecology; Counter trade; IT and international business.
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This document contains a review questions bank for an MBA course on International Business Environment. It includes 52 questions across various topics related to international business environment. Some of the key topics covered in the questions include defining international business and analyzing international business environment, understanding the role of organizations like World Bank, Asian Development Bank, GATT, WTO, UNCTAD, issues related to multinational corporations like their types, critics and defenders, technology transfer barriers and issues, external macro environment forces, reasons for going global, political and legal environments faced by global businesses, foreign investment types and flows. The questions require analysis and discussion of various concepts, frameworks, objectives, functions, arguments related to international business environment.
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business environment – Domestic, foreign and global environments and their impact on
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Unit 2: International Financial Environment: Foreign investments -Pattern, Structure and effects;
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Unit 3: International Economic Institutions and Agreements: WTO, IMF, World Bank UNCTAD,
Agreement on Textiles and Clothing (ATC), GSP, GSTP and other International agreements;
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Unit 4: Multinational Corporations and their involvement in International Business: Issues in
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arrangements and strategic alliances.
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403 ib International Business Environment course notes
Unit 1: Environmental Context of International Business, Framework for analyzing international
business environment – Domestic, foreign and global environments and their impact on
international business decisions.
Global Trading Environment: World trade in goods and services – Major trends and developments;
World trade and protectionism – Tariff and non-tariff barriers; Counter trade.
Unit 2: International Financial Environment: Foreign investments -Pattern, Structure and effects;
Movements in foreign exchange and interest rates and then impact on trade and investment flows.
Unit 3: International Economic Institutions and Agreements: WTO, IMF, World Bank UNCTAD,
Agreement on Textiles and Clothing (ATC), GSP, GSTP and other International agreements;
International commodity trading and agreements.
Unit 4: Multinational Corporations and their involvement in International Business: Issues in
foreign investments, technology transfer, pricing and regulations; International collaborative
arrangements and strategic alliances.
Unit 5: Regional Economic Groupings in Practice: Regionalism vs. multilaterallism, Structure and
functioning of EC and NAFTA; Regional economic cooperation. Emerging Developments and
Other Issues: Growing concern for ecology; Counter trade; IT and international business.
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This document contains a review questions bank for an MBA course on International Business Environment. It includes 52 questions across various topics related to international business environment. Some of the key topics covered in the questions include defining international business and analyzing international business environment, understanding the role of organizations like World Bank, Asian Development Bank, GATT, WTO, UNCTAD, issues related to multinational corporations like their types, critics and defenders, technology transfer barriers and issues, external macro environment forces, reasons for going global, political and legal environments faced by global businesses, foreign investment types and flows. The questions require analysis and discussion of various concepts, frameworks, objectives, functions, arguments related to international business environment.
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World trade and protectionism – Tariff and non-tariff barriers; Counter trade.
Unit 2: International Financial Environment: Foreign investments -Pattern, Structure and effects;
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Unit 3: International Economic Institutions and Agreements: WTO, IMF, World Bank UNCTAD,
Agreement on Textiles and Clothing (ATC), GSP, GSTP and other International agreements;
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Unit 4: Multinational Corporations and their involvement in International Business: Issues in
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functioning of EC and NAFTA; Regional economic cooperation. Emerging Developments and
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To define globalization and international business and show how they affect each other
To understand why companies engage in international business and why international business growth has accelerated
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To become familiar with different ways in which a company can accomplish its global objectives
To apply social science disciplines to understanding the differences between international and domestic business
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Mb0053
The document discusses various topics related to international business management.
It first discusses the importance of environment scanning for international businesses and the factors that need to be scanned, such as economic, political, legal, demographic, and socio-cultural factors.
It then discusses greenfield investment, describing it as constructing new facilities from the ground up. Greenfield investments are beneficial for developing countries like India as they create new production capacity and jobs.
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Global business strategy is influenced by several key global factors. These include access to international markets, trade blocs, methods of international growth like acquisitions and becoming a multinational corporation, and the PEST factors of political, economic, social and technological considerations. Strategic decisions must account for these global realities to determine how competitive a business can be internationally and which new markets to enter or expand into.
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To understand the fundamental principles of how countries measure international business activity, the balance of payments
To examine the similarities of the current and capital accounts of the balance of payments
To understand the critical differences between trade in merchandise and services and why international investment activity has recently been controversial in the United States
To review the mechanical steps of how exchange rates are transmitted into altered trade prices and eventually trade volumes
To understand how countries with different government policies toward international trade and investments, or different levels of economic development, differ in their balance of payments
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403 ib International Business Environment course notes
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403 ib International Business Environment model Q&A
403 ib International Business Environment model Q&A
International business environment www.it-workss.com
International business environment www.it-workss.com
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2. It discusses the emergence of global institutions like the WTO, IMF, World Bank, and UN that help manage and regulate the global marketplace.
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Words to the Wise
When a man of business, therefore, hears on every side rumors of fortunes suddenly acquired; when he finds banks liberal, and brokers busy; when he sees adventurers flush of paper capital, and full of scheme and enterprise; when he perceives a greater disposition to buy than to sell; when trade overflows its accustomed channels and deluges the country; when he hears of new regions of commercial adventure; of distant marts and distant mines, swallowing merchandise and disgorging gold; when he finds joint-stock companies of all kinds forming; railroads, canals, and locomotive engines, springing up on every side; when idlers suddenly become men of business,
and dash into the game of commerce as they would into the hazards of the faro table; when he beholds the streets glittering with new equipages, palaces conjured up by the magic of speculation; tradesmen flushed with sudden success, and vying with each other in ostentatious expense; in a word, when he hears the whole community joining in the theme of "unexampled prosperity," let him look upon the whole as a "weather-breeder," and prepare for the impending storm.
From “The Crayon Papers”, The Great Mississippi Bubble, by Washington Irving, 1820
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Taking a World View
"…I think it is unrealistic and maybe hubristic to say, ‘I don’t care about what is going on in the world. I know a cheap stock when I see one.’ If you don’t follow the pendulum and understand the cycle, then that implies that you always invest as much money as aggressively. That doesn’t make any sense to me. I have been around too long to think that a good investment is always equally good all the time regardless of the climate."
Howard Marks, CEO of Oaktree Capital Management
[$80 billion under management]
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Macroeconomic Analysis
Analysts shouldn't operate in a vacuum.
We need to understand the economic, financial, political, social, cultural, and historical environment in which companies operate.
Analysts should begin with a top-down approach, and work all the way down to the company level.
It’s important to remember that not all things that impact the market are financial or economic.
Analysts must be able to distinguish between cause and effect.
II-4-‹#›
Analysis versus Forecasting
Analysis should not be confused with forecasting.
Analysis is the process of understanding how things work. Forecasting is the attempt to make precise estimates of future values or events.
Although analysis is the important first step in forecasting, formal forecasts are not necessarily required.
Understanding trends and situations is more helpful than point estimates of economic variables like GDP.
II-4-‹#›
BEWARE OF FORECASTS: This is from 1954
II-4-‹#›
Country Analysis
One of the most useful ways to understand an economy is to do a complete country analysis.
Pick any country, and learn all you can.
Along with all of the necessar.
Chap01
This chapter introduces some key concepts in international finance. It discusses why international finance differs from domestic finance, noting factors like foreign exchange risk, political risk, and market imperfections. It also outlines the goals of international financial management, such as maximizing shareholder wealth. Additionally, it describes trends in globalization like increased economic integration, trade liberalization, privatization, and deregulation that have led to the growth of multinational corporations.
International finance
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A Theoretical Framework (Modelling) for International Business Management
The international framework with all the institutions and organisations
that determine country’s economic and support policy in emergent situations.
2. Impact of globalisation on international and national policy and activities. 3. The
national framework, which fairly complicated because there are many active players:
a) National economic policy: understanding it and the environment for trade
activities. b) National economic structure and competiveness of the domestic
companies. c) International management capacities. d) Local or regional environment
and conditions for the companies. e) Focus on the world market conditions and their
development
PPT-IFM.pdf
1) The document discusses international financial management (IFM) and provides definitions and overviews of key concepts in IFM.
2) IFM involves managing financial operations of international activities and deals with issues like foreign exchange risk, political risk, and opportunities from operating globally.
3) The document outlines objectives of IFM like profit and wealth maximization, and discusses differences between IFM and traditional domestic financial management.
PPT-IFM.pdf
1) The document discusses international financial management (IFM) and provides an overview of key concepts in IFM including definitions, objectives, theories of international trade, and recent changes in the field.
2) IFM involves managing financial operations of international activities and deals with issues like foreign exchange risk, political risk, and opportunities from operating globally.
3) Recent changes in IFM include the emergence of the Eurodollar market, floating exchange rates, integration of financial markets, and the functional unification of different types of financial institutions.
PPT-IFM.pdf
This document provides an overview of international financial management (IFM). It defines IFM as managing the financial operations of international activities of an organization. Key aspects of IFM include foreign exchange risk, political risk, and expanded opportunity sets due to operating globally. IFM objectives include profit maximization and wealth maximization. Theories justifying international trade are also discussed, such as absolute advantage, comparative advantage, and factor proportion theory. International financial institutions, markets, and services are also covered.
Globalization
what is globalization
,
globalization of markets
,
globalization of production
,
global institutions
,
drivers of globalization
,
managing in the global marketplace
,
the changing demographics of the global economy
,
changing world output & world trade picture
,
globalization & the world’s poor
,
global economy of 21st century
,
the changing world order
,
globalization
,
labor policies and the environment
MBA INTERNAL ASSIGNMENT JAIPUR NATIONAL UNIVERSITY
The document provides information about global business planning systems and the components of an international business plan. It discusses determining demand in foreign markets, organizational structure, marketing strategy, costs, investment needs, and legal requirements. The key aspects of an international business plan include research on target global markets, supply chain and distribution plans, startup and operational costs, expansion strategy, management structure, financial projections, and obtaining necessary licenses and permits. The business plan communicates the company's goals, risks, and timeline for reaching objectives in global operations.
International Trade.pptx
International trade allows countries to specialize and gain from exporting goods they produce cheaply while importing goods from other countries that produce them cheaply. There are direct benefits like increased income and indirect benefits like technology transfer. However, international trade can also negatively impact poorer countries if it prices out their domestic industries or leads to deterioration in their terms of trade. Trade agreements and economic integration aim to liberalize trade but have both costs and benefits that are debated. Governments use policies like tariffs and quotas to protect domestic industries from foreign competition and further other goals. Regional economic integration involves countries reducing barriers to create free trade areas, customs unions, common markets or unions with deeper coordination of economic policies.
International economic ch01
This document provides an introduction to international economics. It discusses that international economics deals with economic interactions between independent nations, and analyzes issues like the gains from trade, patterns of trade, trade policies, balance of payments, exchange rates, and international policy coordination. It notes that international trade focuses on real transactions of goods while international monetary analysis examines financial transactions and exchange rates. The overall topic will cover international trade theory and policy as well as exchange rates and international macroeconomic policy.
Session 1 Globalization and Differences of Political and Economic Systems Amo...
This document provides an overview of an international business class. It will cover the drivers and institutions of international business, problems companies may face, opportunities available, and financial and management issues of global business. Specific chapters will address political, cultural, and ethical differences between countries; international trade, policies, and investment; managing global strategies, organizations, and operations; and financial topics like foreign exchange and accounting practices. The goal is for students to understand the landscape of international business.
I.E week 1.pptx
This document provides an overview of international economics. It defines international economics as the study of economic interactions between countries and the effects of globalization and international issues on economic activity. The document outlines some key concepts in international economics including gains from trade, patterns of trade, balance of payments, and foreign direct investment. It also describes the theoretical and descriptive aspects of international economics, discussing pure and monetary theories as well as the institutional environment for international transactions. Overall, the document introduces the broad field of international economics and some of its fundamental concepts.
Econ452 Learning Unit 01 - Part 1 - 2020 fall
This document provides an introduction to international economics. It distinguishes international economics from domestic economics and explains that international economics examines how nations interact through trade, money flows, investment, and immigration. It identifies seven main themes in international economics: (1) gains from trade, (2) patterns of trade, (3) how much to trade, (4) balance of payments, (5) exchange rate determination, (6) international policy coordination, and (7) international capital markets. It also distinguishes between the trade and monetary aspects of international economics.
Similar to Global Management 2 (20)
International Business Management unit 1 introduction
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A Theoretical Framework (Modelling) for International Business Management
A Theoretical Framework (Modelling) for International Business Management
MBA INTERNAL ASSIGNMENT JAIPUR NATIONAL UNIVERSITY
MBA INTERNAL ASSIGNMENT JAIPUR NATIONAL UNIVERSITY
Session 1 Globalization and Differences of Political and Economic Systems Amo...
Session 1 Globalization and Differences of Political and Economic Systems Amo...
Global Management 2
- 3. Explore the main aspects of world trade-2 Chinese wealth increasing, but much larger population Source: Author derived from World Bank Data
- 4. Explore the main aspects of world trade-3 Leading exporting countries 2008: Germany and China Worst balance of payments imports v exports: USA and UK Source: Author derived from IMF World Trade Statistics