Wetherhold U05a2
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International business involves creating, shipping, and selling goods and services across national borders. It provides benefits like access to raw materials and parts, global opportunities, and improved political relations. International trade includes imports, which are products bought from other countries, and exports, which are products sold to other countries. However, trade barriers like tariffs, quotas, and embargoes can impact international business. The key factors of the international business environment are geographic conditions, culture and social factors, political and legal systems, and economic conditions in different countries.
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International business
International business consists of commercial transactions between two or more countries. Globalization refers to the integration of world economies through reduced barriers to trade, capital, technology, and labor movement. Forces driving globalization include increased technology, liberalized trade, growing consumer pressures, and expanded international cooperation. However, some argue globalization threatens national sovereignty and cultural homogeneity, and can increase environmental stress and income inequality. Companies engage in international business to expand sales, acquire resources, and minimize risk through exports, imports, and foreign direct investment. Operating internationally differs from domestic business due to geographic, political, legal, cultural, economic, and competitive factors across countries.
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The document discusses managing in a global environment and some key concepts:
- It describes the emerging borderless world and issues for managers operating internationally.
- Market entry strategies and how international management differs from domestic management are covered.
- Factors like economic, sociocultural, and political environments vary globally and affect business operations.
- Regional trade alliances like the EU and NAFTA are reshaping the international business landscape.
- Managing cross-culturally and being culturally intelligent are important skills for international managers.
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Overview of internatioal trade
This document provides an overview of international trade, including:
1. It defines internal and international trade, explaining that international trade involves the exchange of goods and services across national borders.
2. It lists several reasons why international trade is required, such as unequal distribution of resources and opportunities for growth.
3. It discusses some advantages and disadvantages of international trade, such as foreign exchange earnings but also import of harmful goods.
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This document provides an overview of international business. It defines globalization as the increasing integration of economies, technologies, and cultures across borders. The main drivers of globalization are advances in communication and transportation technologies, liberalization of trade, and growing consumer demand for foreign goods. International business involves commercial transactions between countries and can be pursued for market seeking, economic, and strategic motives like growth and risk spreading. While globalization increases competition, it also opens new market opportunities. The document outlines various forms of international business and considerations for operating internationally.
Concept of international business environment
This document defines and compares international business and international business environment. It outlines the key differences between domestic and international business. It then discusses the various entry modes for international business, including import/export, licensing, joint ventures, and foreign direct investment. Finally, it analyzes the different components of the international business environment, such as political, legal, economic, technological, socio-cultural, and demographic factors.
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The document discusses the components of the international business environment. It identifies five key components: 1) political environment, 2) economic environment, 3) technological environment, 4) cultural environment, and 5) competitive environment. Each component is then described in one to three sentences. For example, the political environment component examines a country's approach to foreign companies, its political system, and any legal constraints or incentives it provides. International business is also outlined as providing benefits such as developing global connections, transferring resources, creating jobs, and stabilizing prices.
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- It describes the emerging borderless world and issues for managers operating internationally.
- Market entry strategies and how international management differs from domestic management are covered.
- Factors like economic, sociocultural, and political environments vary globally and affect business operations.
- Regional trade alliances like the EU and NAFTA are reshaping the international business landscape.
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1. It defines internal and international trade, explaining that international trade involves the exchange of goods and services across national borders.
2. It lists several reasons why international trade is required, such as unequal distribution of resources and opportunities for growth.
3. It discusses some advantages and disadvantages of international trade, such as foreign exchange earnings but also import of harmful goods.
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This document provides an overview of international business. It defines globalization as the increasing integration of economies, technologies, and cultures across borders. The main drivers of globalization are advances in communication and transportation technologies, liberalization of trade, and growing consumer demand for foreign goods. International business involves commercial transactions between countries and can be pursued for market seeking, economic, and strategic motives like growth and risk spreading. While globalization increases competition, it also opens new market opportunities. The document outlines various forms of international business and considerations for operating internationally.
Concept of international business environment
This document defines and compares international business and international business environment. It outlines the key differences between domestic and international business. It then discusses the various entry modes for international business, including import/export, licensing, joint ventures, and foreign direct investment. Finally, it analyzes the different components of the international business environment, such as political, legal, economic, technological, socio-cultural, and demographic factors.
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The document discusses the components of the international business environment. It identifies five key components: 1) political environment, 2) economic environment, 3) technological environment, 4) cultural environment, and 5) competitive environment. Each component is then described in one to three sentences. For example, the political environment component examines a country's approach to foreign companies, its political system, and any legal constraints or incentives it provides. International business is also outlined as providing benefits such as developing global connections, transferring resources, creating jobs, and stabilizing prices.
international business
International business involves the exchange of goods, services, resources, knowledge, and skills between individuals and businesses in multiple countries. It encompasses fields like international marketing, finance, investments, foreign exchange, and global human resources. Engaging in international business allows companies to earn foreign exchange, optimize resource usage, further their objectives, diversify risks, improve efficiency, and gain government benefits like expanding into new markets to boost competitiveness. However, factors like unfavorable political conditions, high costs of foreign investment, exchange rate instability, strict entry requirements, tariffs, corruption, and differing technological standards pose challenges to international business.
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International business environment
BUSINESS IS DEFINED AS A SET OF ACTIVITIES RELATING TO INDUSTRY AND COMMERCE.
WHEN BUSINESS ACTIVITIES ARE CARRIED ACROSS THE POLITICAL BORDERS OF A COUNTRY, IT IS TERMED AS INTERNATIONAL BUSINESS.
A BUSINESS ENVIRONMENT INCLUDES VARIOUS EXTERNAL ACTORS AND FORCES THAT SURROUNDS A FIRM AND IMPACTS THE OUTCOME OF ITS DECISIONS AND OPERATIONS.
THE OBJECTIVE OF BOTH DOMESTIC BUSINESS AND INTERNATIONAL BUSINESS IS “MAKING PROFIT THROUGH CUSTOMERS SATISFACTION AND SOCIAL WELFARE”
TYPES OF BUSINESS ENVIRONMENT -
1. CONTROLLABLE ENVIRONMENT
a.) PRODUCTION
b.) FINANCE
c.) HUMAN RESOURCE
d.) MARKETING
2.UNCONTROLLABLE ENVIRONMENT -
a.) DOMESTIC ENVIRONMENT
b.) FOREIGN ENVIRONMENT
c.) GLOBAL ENVIRONMENT
ANOTHER MAJOR CLASSIFICATION -
1. MICRO ENVIRONMENT
2. MACRO ENVIRONMENT
RELEVANCE of international business environment
- Knowledge of international business environment is very important.
-Environment affects a firm’s strategic as well as tactical decisions so it becomes imperative for the firm to have in-depth knowledge of the various components of domestic, foreign and global environment.
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1) The document discusses the key concepts of global business including the definition of international business as transactions carried out across national borders, the need and growth of international business, and modes of entering foreign markets such as licensing, franchising, and foreign direct investment.
2) It also examines the global business environment and factors such as culture, politics, economics, and how firms must consider these elements when operating internationally.
3) Modes of entering global markets like licensing and franchising allow firms to internationalize with less risk compared to foreign direct investment but also provide less control. Firms must strategically choose which entry modes fit their needs.
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The document discusses different methods for screening international markets, including country screening which uses countries as the basis and segment screening which uses market segments. It also discusses using environmental forces to identify desirable markets and scanning the world for changes that may affect the firm. The document notes that initial screening can be based on a country's basic needs potential, climate, topography, and natural resources. It provides reasons why import data does not completely measure market potential but can still provide an indication of immediate potential.
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This document discusses the global environment that international managers operate within. It covers four main topics:
1) The economic, legal-political, and socio-cultural challenges managers face in a borderless world.
2) The four stages of globalization for companies, from domestic to global operations.
3) Key factors in the international environment that managers must consider, including economic development, infrastructure, laws and regulations, and cultural differences.
4) Strategies that companies use to enter foreign markets, such as exporting, licensing, joint ventures, and acquisitions.
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This document provides an overview of international business environment. It defines international business as the buying and selling of goods and services across borders. It also defines trade and lists some differences between domestic and international business like differences in factors of production, political entities, legal systems, and taxes. The document notes several important aspects of international business environment like helping with expansion, managing product lifecycles, accessing new technologies and opportunities, and earning foreign exchange. It also lists some problems in international business environment and discusses the need for understanding international business environment to facilitate ideas, services, capital flows, consumer choice and global employment opportunities.
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The document discusses importing, exporting, and international trade. It covers the four main steps to importing goods which are determining demand, contacting suppliers, finalizing the purchase, and receiving goods. For exporting, the five steps outlined are finding customers, meeting their needs, agreeing on sales terms, delivering products or services, and completing the transaction. International trade agreements help promote economic development and encourage business between countries. The types of market competition, such as pure competition and monopoly, can vary depending on factors like the number of companies and differences between products.
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International business involves commercial transactions between two or more countries. It is influenced by various physical, social, economic and political factors in different country environments. There are several modes of conducting international operations including importing/exporting, licensing, direct investment etc. Companies globalize their operations to reduce costs, improve supply chains, access new markets and resources, and learn from foreign markets. However, globalization also faces challenges such as threats to national sovereignty and growing inequality.
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The document discusses managing in a global environment and some key concepts:
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- Market entry strategies and how international management differs from domestic management are covered.
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- Regional trade alliances like the EU and NAFTA are reshaping the international business landscape.
- Managing cross-culturally and being culturally intelligent are important skills for international managers.
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This chapter discusses managing organizations globally. It explains that national borders are less relevant as organizations expand globally, which presents opportunities but also challenges. Managers must understand different perspectives on global business such as parochial, ethnocentric, polycentric and geocentric views. Regional trade alliances like the EU, NAFTA and ASEAN are also discussed. The stages of going global from exporting to foreign subsidiaries are outlined. Managing across different legal, economic and cultural environments is examined, including how culture can be analyzed using four dimensions. The challenges of global assignments are also reviewed.
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BUSINESS IS DEFINED AS A SET OF ACTIVITIES RELATING TO INDUSTRY AND COMMERCE.
WHEN BUSINESS ACTIVITIES ARE CARRIED ACROSS THE POLITICAL BORDERS OF A COUNTRY, IT IS TERMED AS INTERNATIONAL BUSINESS.
A BUSINESS ENVIRONMENT INCLUDES VARIOUS EXTERNAL ACTORS AND FORCES THAT SURROUNDS A FIRM AND IMPACTS THE OUTCOME OF ITS DECISIONS AND OPERATIONS.
THE OBJECTIVE OF BOTH DOMESTIC BUSINESS AND INTERNATIONAL BUSINESS IS “MAKING PROFIT THROUGH CUSTOMERS SATISFACTION AND SOCIAL WELFARE”
TYPES OF BUSINESS ENVIRONMENT -
1. CONTROLLABLE ENVIRONMENT
a.) PRODUCTION
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c.) HUMAN RESOURCE
d.) MARKETING
2.UNCONTROLLABLE ENVIRONMENT -
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b.) FOREIGN ENVIRONMENT
c.) GLOBAL ENVIRONMENT
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1. MICRO ENVIRONMENT
2. MACRO ENVIRONMENT
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- Knowledge of international business environment is very important.
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1) The document discusses the key concepts of global business including the definition of international business as transactions carried out across national borders, the need and growth of international business, and modes of entering foreign markets such as licensing, franchising, and foreign direct investment.
2) It also examines the global business environment and factors such as culture, politics, economics, and how firms must consider these elements when operating internationally.
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The document discusses various concepts related to global business environment including definitions of multinational, global, international and transnational companies. It also discusses factors that contribute to complexity in global strategic planning and different strategies companies can adopt to compete globally such as cost leadership, differentiation, focus and best cost strategies. The document further elaborates on reasons for competing internationally and factors affecting decisions related to country selection and entry strategies.
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This document outlines key factors to consider when making location decisions for production facilities. It discusses the need for location decisions due to business growth or market changes. Location decisions are strategically important as they impact costs, capacity, and competitive advantage. The document then covers options for location like expanding existing facilities or opening new ones. It provides a general procedure for location decisions and major factors to evaluate like transportation, resources, labor, and regulations when identifying potential regions, communities, and specific sites for facilities. Key considerations for global locations are also presented.
Stratmgmt3
The document outlines key concepts from Chapter 3 of Strategic Management: Concepts and Cases including performing an external audit to identify opportunities and threats. It discusses evaluating economic, social/demographic, political/legal, technological, and competitive forces using tools like Porter's Five Forces model and the External Factor Evaluation matrix. The purpose is to understand the external environment and its impact on an organization's strategy.
International Trade Orientation Short Version
The document provides an overview of exporting and importing from an event hosted by El Camino College Business Training Center. It discusses California's export profile, challenges small businesses face in exporting, stages of export development, and considerations for international trade such as regulations, financing, cultural differences, and distribution channels. Resources to help businesses export such as the International Trade Compliance Institute and Green Export Enabler Program are also summarized.
International Business Environment
This slides are for the MBA students or teachers teaching or learning International Business as their subject.
Balance of trade
This document summarizes Pakistan's balance of trade. It discusses the history and types of trade in Pakistan. It outlines key exports such as rice, cotton, and fruits and key imports such as petroleum and consumer goods. It also analyzes Pakistan's main trading partners and shows that Pakistan has experienced a trade deficit for many years. The balance of trade deficit for 2013-2014 was 1.18 trillion Pakistani rupees.
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Wetherhold U05a2
- 1. International Business Basics The Fundamentals of International Trade