The document discusses the international business environment and its key aspects. It defines international business environment as the surroundings in which international companies operate and notes it involves political, cultural, exchange rate, legal and tax issues. It highlights several factors of the international business environment including the political, economic, technological, cultural and competitive environments of different countries. It also discusses the benefits of globalization and various international organizations that influence international trade.
Foreign exchange market mechanism (FOREX) - International Business - Manu Mel...manumelwin
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks.
Foreign exchange market mechanism (FOREX) - International Business - Manu Mel...manumelwin
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks.
Economic Environment - International Business - Manu Melwin Joymanumelwin
Economic conditions, economic policies and the economic system are the important external factors that constitute the economic environment of a business. The economic conditions of a country-for example, the nature of the economy, the stage of development of the economy, economic resources, and the level of income, the distribution of income and assets, etc- are among the very important determinants of business strategies.
International Business (BBA MBA) advantages & disadvantages of international busine, approaches of international business, entry strategy, imf, international business (bba mba) entry policy, international organization, nature & scope & feature of international business, need for international business, reasons for recent growth in international busines, what is international business ?university of solapur
Import - Export Policy of India(EXIM POLICY)Sandip Besra
policies in the sphere of Foreign trade i.e. with respect to import & export from the country and more especially export promotion measures, policies and procedure related there to.
This is the one important component of business environment. technological environment is external environment which affects the business. it provides opportunities as well as threats to our business. so understanding of technological environment is important to business man.
Economic Environment - International Business - Manu Melwin Joymanumelwin
Economic conditions, economic policies and the economic system are the important external factors that constitute the economic environment of a business. The economic conditions of a country-for example, the nature of the economy, the stage of development of the economy, economic resources, and the level of income, the distribution of income and assets, etc- are among the very important determinants of business strategies.
International Business (BBA MBA) advantages & disadvantages of international busine, approaches of international business, entry strategy, imf, international business (bba mba) entry policy, international organization, nature & scope & feature of international business, need for international business, reasons for recent growth in international busines, what is international business ?university of solapur
Import - Export Policy of India(EXIM POLICY)Sandip Besra
policies in the sphere of Foreign trade i.e. with respect to import & export from the country and more especially export promotion measures, policies and procedure related there to.
This is the one important component of business environment. technological environment is external environment which affects the business. it provides opportunities as well as threats to our business. so understanding of technological environment is important to business man.
Concept of international business environmentPinki Verma
Presentation on Concept of International Business Environment which includes:
1. Difference between International Business and International Business Environment
2.Difference between Domestic Business and International Business
3.Entry Modes of International Business
4.Nature of International Business
5.Advantages of International Business
6.Classification Of International Business Environment
(a) Micro and Macro Environment
(b) Domestic, Foreign and Global Environment
7.Components Of International Business Environment with examples.
To watch more ppt follow our channel.
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.
Model Attribute Check Company Auto PropertyCeline George
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In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
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Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2. International business refers to trading
services and goods in a worldwide market. It
can also be recognised as the globalisation of
trade.
An International Business Environment (IBE)
refers to the surroundings in which
international companies carry on their
businesses. It plays a critical role in the
development and growth of a country.
3. An International Business Environment (IBE)
involves different aspects like political risks,
cultural differences, exchange risks, and legal
and taxation issues.
Thus, it is mandatory for the people at the
managerial levels to work on factors
comprising the international business
environment as it is crucial for a country’s
economy.
4. Cross border trading (Import and export)
Franchising
Licensing
Joint venture
Foreign Direct Investment (FDI)
5. Rapid increase in international trade
Incresing role of mnc
Increase in foreign investment
Free flow of goods and services due to
reduction in tariff n non tariff barriers
Free flow of technology
Increasing role of imf, world bank, wto
Effect of
economic,political,social,technologial
6. 1Political Environment in International
Business
The political environment means the political
risk, the government’s relationship with a
business, and the type of government in the
country. Conducting business internationally
implies dealing with different kinds of
governments, levels of risk and relationships.
7. There are different types of political systems,
such as one-party states, multi-party
democracies, dictatorships (military and non-
military) and constitutional monarchies. Thus,
an organisation needs to take into account
the following aspects while planning a
business plan for the overseas location:
8. Political system of the business
Approach of the government towards
business, i.e. facilitating or restrictive
Incentives and facilities offered by the
government
Legal restrictions for licensing requirements
and reservations to a specific sector like the
private, public or small-scale sector
9. Restrictions on importing capital goods,
technical know-how and raw materials
Restrictions on exporting services and
products
Restrictions on distribution and pricing of
goods
10. The economic environment refers to the
factors contributing to the country’s
attractiveness to foreign businesses. It can
differ from one nation to another. Better
infrastructure, education, healthcare,
technology, etc., are also often associated
with high levels of economic development.
The levels of economic activities combined
with infrastructure, education, and the degree
of government control affect the facets of
doing a business.
11. Usually, countries are divided into three main
economic categories, i.e. more industrialised or
developed, less developed or third world, and the
newly emerging or industrialising economies.
There are significant variations within each
economic category. Overall, the more developed
countries are rich, the less developed are poor,
and the newly industrialising are those moving
from poor to rich. These distinctions are made
based on the Gross Domestic Product per capita
(GDP/capita).
12. A business needs to recognise the economic
environment to operate in international
markets successfully. While analysing the
economic environment, an organisation
intending to work in a particular business
sector should consider the following aspects:
Economic system to enter the business sector
Stage and pace of economic growth
13. Level of national GDP and per capita income
Incidents of taxes, direct and indirect tax
Available infrastructure facilities and the
difficulties Availability of components, raw
materials and their cost
Sources of financial resources and their costs
Availability of workforce, managerial and
technical workers, their salary and wage
structures
14. The technological environment includes
factors related to the machines and materials
used in manufacturing services and goods. As
organisations do not have control over the
external environment, their success depends
on how they will adapt to the external
environment. A significant aspect of the
international business environment is the
level and acceptance of technological
innovation in countries.
15. The last decade of the twentieth century saw
significant advances in technology, and it is
also continuing in the twenty-first century.
Technology often gives organisations a
competitive advantage. Hence, organisations
compete to access the latest technology, and
international organisations transfer
technology to be globally competitive.
16. Due to the internet, it is easier even for a small
business plan to have a global presence, which
grows its exposure, market, and potential
customer base.
For political, economic and cultural reasons,
some countries are more accepting of
technological innovations, while others are less
accepting.
In analysing the technological environment, the
organisations should consider the following
aspects:
17. Level of technological developments in the
country as a whole and specific business
sector
Pace of technological changes and
obsolescence
Sources of technology
Facilities and restrictions for technology
transfer
Time taken for the absorption of technology
18. The cultural environment is one of the crucial
components of the international business
environment. It is the most difficult to
understand as the cultural environment is
unseen. It has been described as a commonly
held and shared body of general values and
beliefs that determine what is right for one
group, according to Kluckhohn and
Strodtbeck.
19. National culture is defined as the body of
general values and beliefs shared by a nation.
Beliefs and values are usually formed by
factors such as language, history, geographic
location, religion, education and government.
Thus, organisations begin a cultural analysis
by understanding these factors. The well-
known model is the one developed by
Hofstede in 1980.
20. Individualism – It is the degree to which a
nation encourages and values individual
decision making and action
Uncertainty avoidance – It is the degree to
which a nation is willing to deal with and
accept uncertainty
Power distance – It is the degree to which a
nation sanctions and accepts differences in
power
Masculinity – It is the degree of the gender
gap in a society
21. Approaches to society towards business in
specific and general areas
Influence of cultural, social, and religious factors
on the acceptability of the product
Lifestyle of people and the products used by
them
Level of acceptance and resistance to change
Demand for a specific product for a specific
occasion
Values attached to particular products, i.e.
possessive or the functional value of products
Consumption pattern of the buyers
22. The competitive environment differs from
country to country. The political, economic, and
cultural environmental factors help determine the
degree and type of competition that exists in a
country. The most likely sources of competition
can be well understood for a domestic
organisation, but it isn’t the case when an
organisation moves to compete in a new
environment.
Competition can come from various sources,
such as it can come from the private or public
sector, large or small organisations, domestic or
global organisations and traditional or new
competitors.
23. It unites and brings countries together,
making the world a big global village
It increases employment opportunities as it
results in the exchange of information, ideas,
capital across borders and services
There is equal growth in wealth, availability of
goods and services and price stability
It brings a new environment of development,
alliance, affluence, stability, modernisation,
and technology across the globe
24. IMF
WORLD BANK
WORLD TRADE ORGANISATION
UNCTAD
INTERNATIONAL TRADE AGREEMENTS
GSP
GSTP
COUNTER TRADE AGREEMENTS
REGIONAL ECONOMIC GROUPINGS