Globalization involves the movement of people, ideas, and goods around the world. It provides benefits like more available goods and jobs, but can also displace local industries. Managing a multinational corporation (MNC) provides advantages like access to new markets and resources, but also challenges like cultural differences and trade barriers. Understanding different cultures is important for building trust and improving business operations when working globally. For example, Indian and US cultures differ in their views of time, criticism, and acceptable work conversations.
PPT for the subject of International Business prepared as per the syllabus of Osmania University-Hyderabad INDIA
This is very much useful for the students of the MBA program across all universities throughout the world
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.
PPT for the subject of International Business prepared as per the syllabus of Osmania University-Hyderabad INDIA
This is very much useful for the students of the MBA program across all universities throughout the world
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.
CBSE Notes Class 10 Economics Chapter 4 – Globalization and the Indian Economy, mainly dealt with the Integration of production and integration of markets. This will help you to understand the process of globalization and its impact in a better way.
In this presentation, we will discuss various characteristics of International Trade, currency systems and different trade policies.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
IntroductionTheories of International TradeCommon Terms in International TradeReasons For International TradeAdvantages of International TradeDisadvantages of International TradeInternational Trade ProtectionismReasons for Trade ProtectionismWorld Trade OrganizationObjectives of WTOConclusionsDiscussions
Grade -10 Social Science- Economics 4. Globalisation and the Indian EconomyNavya Rai
Grade -10 Social Science- Economics 4. Globalisation and the Indian Economy
Trade was the main channel connecting distant countries.
Large companies which are now called Multinational Corporations (MNCs) play a major role in trade. An MNC is a company that owns or controls production in more than one nation.
MNCs set up offices and factories for production in regions where they can get cheap labour and other resources so that the company can earn greater profits.
CBSE Notes Class 10 Economics Chapter 4 – Globalization and the Indian Economy, mainly dealt with the Integration of production and integration of markets. This will help you to understand the process of globalization and its impact in a better way.
In this presentation, we will discuss various characteristics of International Trade, currency systems and different trade policies.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
IntroductionTheories of International TradeCommon Terms in International TradeReasons For International TradeAdvantages of International TradeDisadvantages of International TradeInternational Trade ProtectionismReasons for Trade ProtectionismWorld Trade OrganizationObjectives of WTOConclusionsDiscussions
Grade -10 Social Science- Economics 4. Globalisation and the Indian EconomyNavya Rai
Grade -10 Social Science- Economics 4. Globalisation and the Indian Economy
Trade was the main channel connecting distant countries.
Large companies which are now called Multinational Corporations (MNCs) play a major role in trade. An MNC is a company that owns or controls production in more than one nation.
MNCs set up offices and factories for production in regions where they can get cheap labour and other resources so that the company can earn greater profits.
this power point is based on our CBSE grade 10 syllabus 2nd term Globalization and the Indian economy.
hoping that the powerpoint is helpful to you.
Thank you.
2. MERITS
- Imported goods are available
- The country can produce what it produces
best and import the rest
- The local industries work hard to compete
with international firms
- Raw material is available
- The standard of life becomes better
- More jobs are created
- There is security from famine, disease, etc.
as international firms intervene.
3. DEMERITS
-Local industries get dislodged.
-In times of war, there is a problem
-There is political interference and conflicts arise
-Profit may be taken back to home
-Under developed countries are exploited
4. ADVANTAGE BEING AN MNC
-Gaining a strong foothold into the
international market
-Low-cost locations
-Cheaper labor costs
-Cheaper raw materials and distribution costs
-Taking advantage of the many tax breaks
offered by foreign countries
-Access to new technologies and methods
-Availability of government grants
5. DISADVANTAGE BEING AN MNC
-Trade restrictions imposed at the government-level
-Taxes or tariffs imposed on imports from other
countries
-Limited quantities (quotas) of imports
-Effective management of a globally dispersed
organization
-Difference in cultures at various locations
6. WHAT IS CULTURE?
It is shared beliefs, attitudes, norms, values and
behavior organized around a central concept or
idea.
7. Why Knowing Culture is Important?
-It builds trust
-It saves time, energy and cost
-It Improves perception
8. DIFFERENCE IN US AND INDIAN CULTURE
-Result or Role oriented nature
-Importance of Time
-Topic of conversation
-Visiting Cards
-Gossips during work hour
-Openness towards constructive criticism
-HR policies
-Aggression and Proactive ness