Summary
International Business Management samenvatting
- Course
- Institution
IBM samenvatting Windesheim
[Show more]
1 review
By: s1132908 • 2 year ago
By: Mayonesse • 2 year ago
Thanks!
Seller
Follow
Mayonesse
Reviews received
Content preview
International Business ManagementHoofdstuk 1
International business encompasses any business transaction that involves parties from more than
one country. These transactions can take various forms and can involve individual companies, groups
of companies, and/or government agencies. International business can differ from domestic business
because of differences in currencies, legal systems, cultures, and resource availability.
Studying international business is important for several reasons. First, any organization you work for,
even if small, is likely to be affected by the global economy. Second someday you may work for a
foreign-owned firm. Further, you need to keep pace with other managers who are learning to
function in international settings. Finally, you need to be culturally literate in today's world.
International business activity can take various forms. Exporting involves selling products made in
one's own country for use or resale in another country. Importing involves buying products made in
other countries for use or resale in another country. Foreign direct investments are investments
made for the purpose of controlling property, assets, or companies located in foreign countries.
Other common forms of international business activity include licensing, franchising, and
management contract.
An international business is one that engages in commercial transactions with individuals, private
firms, and/or public sector organizations that cross national boundaries. Firms with extensive
international involvement are called multinational corporations, or MNC’s.
International business has grown dramatically in recent years because of strategic imperatives and
environmental changes. Strategic imperatives include the need to leverage core competencies,
acquire resources, seek new markets, and math the actions of rivals. Although strategic imperatives
indicate why firms wish to internationalize their operations, significant changes in the political and
technological environments have no doubt facilitated the explosive growth in international business
activity that has occurred since world war II. The growth of the Internet and other information
technologies is likely to redefine global competition and ways of doing international business once
again.
Nederlands vertaald
Internationale business omvat alle zakelijke transactie door partijen uit meer dan een land. Deze
transacties kunnen verschillende vormen aannemen en kan betrekking hebben individuele bedrijven,
groepen van ondernemingen, en / of overheidsinstellingen. Internationale bedrijfsleven kunnen
afwijken van de binnenlandse bedrijfsleven als gevolg van verschillen in valuta, juridische systemen,
culturen en de beschikbaarheid van resources.
Studeren van het internationale bedrijfsleven is belangrijk om verschillende redenen. De eerste
plaats, een organisatie waar je werkt, zelfs klein, is waarschijnlijk getroffen door de wereldwijde
economie. Tweede reden is dat u kunt werken voor een bedrijf dat in buitenlandse handen is.
Verder, je moet het gelijke tempo bij kunnen houden net zoals andere managers die ook leren the
functioneren in internationale instellingen. Ten slotte moet u cultureel onderlegd in de wereld van
vandaag.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Mayonesse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.21. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
70055 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now