29 November 2013 0 Comments

Triad and International Business

International business is the study of transaction taking place across national borders for the purpose of satisfying the needs of individual and organisations. These economic transactions consist of trade, as in the case of exporting and importing, and foreign direct investment, as in the case of companies investing funds to up operations in other countries. Over [...]

29 November 2013 0 Comments

An overview–International Business: A global perspective

“The will be two kinds of CEOs which will exist in the next five years: those who thihk globally and theose who are unemployed” – Peter Drucker International life will be seen increasing by as a competition not between rival ideologies – since most economically successful states will be organised along similar lines – but [...]

29 November 2013 0 Comments

Emergence of Globalization–Drivers of Globalization

GLOBALISATION No business unit today can limit its growth with its national boundary; it has to travel across the border, because capital, technology, labour, management and information are freely mobile among various countries. This is the result of liberalisation, spreading technologic innovation, improving communication revolution and the increasing flow of foreign direct and portfolio investment [...]

29 November 2013 0 Comments

Internationalization Process–Stages in International Business

Most companies pass through different stages of international business. There are, of course, many companies which have transacted I.B since their very beginning, including 100% export-oriented companies, the development of their I.B would pass through different stages of evolution. A firm which is entirely domestic in its activities normally passes through different stages of internationalisation [...]

29 November 2013 0 Comments

Approaches to International Business

The approaches of international business are four: i) Ethnocentric approach – An MNC with an ethnocentric orientation will reply on the values and interests of the parent company in formulating and implementing a strategic plan. Primary emphasis is in profitability and the firm will try to run its operations overseas in the same way they [...]

29 November 2013 0 Comments

The Multinational Enterprise

29 November 2013 0 Comments

International Trade Theories

Theory of Mercantilism It is the first theory of international business and it emerged in England in the mid-16th century. This theory states that gold and silver are foundation of national wealth and essentials to healthy commerce. During the 17th century, gold and silver were the currency of trade between countries; a country could earn [...]