ch 01 international business
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International Business.
Prof. Dr.Madhavi Pandya.
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BLUE BEAUTY
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Unit 1Impact of
International Business
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Chapters .
Ch.1.International Business Imperative
Ch.2.Culture and International Business
Ch.3.Trade and International Policies.
Ch.4.Politics and Laws.
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Chapter 1.
International Business Imperative
(Importance of International Business )
(Essential of International Business )
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Learning Objectives To understand the history and impact of
international business. To learn the definition of international
business.
To recognize the growth of global linkages
today. To understand the U.S. position in world
trade and the impact internationalbusiness has on the United States.
To appreciate the opportunities andchallenges offered by internationalbusiness.
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Need for International Business
More and more firms around the worldare going global, including:
Manufacturing firms
Service companies (i.e. banks,insurance, consulting firms)
Art, film, and musiccompanies
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International business:
causes the flow of ideas, services, and capital
across the world offers new choices to consumers
permits the acquisition of a wider variety ofproducts across globe.
facilitates the mobility of labor, capital, andtechnology
provides challenging employment
opportunities
reallocates resources, makes preferentialchoices, and shifts activities to a global level
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What is international Business ?
International businesses consistsof transactions that are devised
and carried out across nationalborders to satisfy the objectivesof individuals, companies, and
organizations vision and missionswith the strategic business plans.
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Types of International Business
Export-import trade
Foreign directinvestment
Licensing
Franchising
Management contracts
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International Business Questions?
How will an idea, goods, or service fitinto the international market?
Should trade or investment be usedto enter a foreign market?
Should supplies be obtaineddomestically or abroad?
What product adjustments are
necessary to be responsive to localconditions?
What are the threats from globalcompetitors, and how can these
threats be counteracted?
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Internationalization started with
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http://www.youtube.com/watch?v=Bm89q07lRlU
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International Business and the Roman Empire
Pax Romana , or Roman Peace ensured thatmerchants were able to travel safely andrapidly.
Common currency simplified businesstransactions.
Rome developed a systematic law, centralmarket locations, and an effectivecommunication system; all of which enabled
international business to flourish in the RomanEmpire.
The growth of the Roman Empire occurredmainly through the linkages of business.
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The decline of the Roman Empire can be
attributed in part to:
Infighting and increasing decadence(decade)
The Pax Romana (Rome peace) being no
longer enforced
The decline of use and acceptance of thecommon coinage
The declining levels of communication
As a result, former Roman allies
cooperated with invaders.
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United States: A Global Leader
The United States has developed a worldleadership position due to:
Its use of market-based transactions in
the Western world a broad flow of ideas, goods, and
services across national borders
an encouragement of internationalcommunication and transportation
Pax Americana, an American sponsored
and enforced peace.
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The Smoot-Hawley Act
The the 1930s, the U.S. passed theSmoot-Hawley Act, which raisedimport duties to reduce the volume ofgoods coming into the U.S.
The act was passed in the hope that itwould restore domestic employment.
The result was a worldwide depressionand the collapseof the world financialsystem.
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Recent Changes in International Business
Total world trade declineddramatically after 2000, but is againon the rise.
The rate of globalization isaccelerating.
Regionalization is taking place,
resulting in trading blocs.
The participation of countries inworld trade is shifting.
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Impact of International Business on the USA
U.S. international business outflows areimportant on the macroeconomic level in terms ofbalancing the trade account but lack of exportsgrowth has resulted in trade deficits. we saw the
diagram yesterday.On the microeconomic level, participation ininternational business can help firms achieveeconomies of scale that cannot be achieved in
domestic markets Each of Us setting our house correct and
repositioning ourselves locally and globally.
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Globalization
Because of globalization, for the firsttime in history, the availability ofinternational products and servicescan be accessed by individuals inmany countries, from diverseeconomic backgrounds.
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