logo

International Business Basics and Bangladesh Lesson 2022

   

Added on  2022-09-26

17 Pages1057 Words31 Views
 | 
 | 
 | 
International Business
Basics and Bangladesh
LE CTURE 01
International Business Basics and Bangladesh Lesson 2022_1

International Business vs. Domestic Business
▪ An international business is any firm that engages in international trade
or investment.
▪ As their organizations increasingly engage in cross-border trade and
investment, managers need to recognize that the task of managing an
international business differs from that of managing a purely domestic
business in many ways.
▪ At the most fundamental level, the differences arise from the simple fact
that countries are different. Countries differ in their cultures, political
systems, economic systems, legal systems, and levels of economic
development.
International Business Basics and Bangladesh Lesson 2022_2

International Business vs. Domestic Business
▪ In addition to the problems that arise from the differences between
countries, a manager in an international business is confronted with a
range of other issues that the manager in a domestic business never
confronts. Managers must decide,
▪where in the world to site production activities to minimize costs and to
maximize value added.
▪whether it is ethical to adhere to the lower labor and environmental
standards found in many less developed nations.
▪how best to coordinate and control globally dispersed production activities
▪which foreign markets to enter and which to avoid.
▪the appropriate mode for entering a particular foreign country.
International Business Basics and Bangladesh Lesson 2022_3

International Business vs. Domestic Business
▪ Conducting business transactions across national borders requires
understanding the rules governing the international trading and
investment system. Managers in an international business must also deal
with_
▪ government restrictions on international trade and investment.
▪ ways to work within the limits imposed by specific governmental
interventions in cross-border trade and investment.
▪ strategies and policies for dealing with such interventions.
International Business Basics and Bangladesh Lesson 2022_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Effect of Exchange Rate Fluctuations on Cross-Border Transactions
|3
|876
|473

International Business: Factors Influencing Growth and Development
|8
|2706
|55

Assignment on Foreign Direct Investment (FDI)
|5
|1728
|340

Assignment on Independent Studies 7IM999
|11
|3921
|240

International Business and Finance: Impact on MNC Values and Exchange Rates
|12
|4120
|282

(PDF) The Economic Integration
|8
|1548
|7