International Business

►International Business conducts business transactions all over the world. These transactions include the transfer of goods, services, technology, managerial knowledge, and capital to other countries. International business involves exports and imports.✦ ►International business encompasses a wide range of professions that rely on management, marketing, business, advertising, logistics, information technology and other skills. Individuals interested in this field may find it beneficial to speak a secondary language. ✦ ►International Business is also known, called or referred as a Global Business or an International Marketing.✦ ✴An international business has many options for doing business, it includes,✴ ➻ Exporting goods and services. ➻ Giving license to produce goods in the host country. ➻ Starting a joint venture with a company. ➻ Opening a branch for producing & distributing goods in the host country. ➻ Providing managerial services to companies in the host country. 【Topics Covered in This App are Listed Below】 ⇢ What is Business? ⇢ What is International Business? ⇢ Importance of International Business ⇢ Internationalization of Business ⇢ Advantages of Internationalization ⇢ Globalization ⇢ Factors Causing Globalization of Businesses ⇢ Adapting to Changing Needs ⇢ Country Attractiveness ⇢ Business Environments ⇢ Protectionism ⇢ End of Protectionism in History ⇢ Liberalization Vs Deregulation ⇢ Arguments, Counterarguments, and Discussions ⇢ Liberalization, Privatization, and Globalization ⇢ Revolutionary Economic Trends ⇢ General Agreements on Tariffs & Trade ⇢ GATT – Major Principles ⇢ Role of GATT in Promoting International Trade ⇢ World Trade Organization ⇢ Reasons behind the Formation of WTO ⇢ Role of WTO in Promoting International Trade ⇢ Role of Developing Countries ⇢ Global Trade - Major Challenges ⇢ Modern Theories ⇢ Global Competitiveness ⇢ Factors Affecting Global Competitiveness ⇢ What are Regional Trading Blocs? ⇢ Regional Trading Blocs – Advantages ⇢ Disadvantages ⇢ Major Trade Blocs ⇢ Strategic Compulsions ⇢ Areas of Strategic Compulsions ⇢ Standardization Vs Differentiation ⇢ Strategic Options ⇢ Factors that Affect Strategic Options ⇢ Global Portfolio Management ⇢ Factors Affecting Global Portfolio Investment ⇢ Modes of Global Portfolio Management ⇢ Drawbacks of Global Portfolio Management ⇢ Modes of Entry ⇢ Organizational Structures ⇢ Centralization vs. Decentralization ⇢ Use of Subsidiary Board of Directors ⇢ Organizational Structures in – Detail ⇢ Control Mechanisms ⇢ Objectives of Control ⇢ Types of Control Mechanisms ⇢ Approaches to Control Mechanisms ⇢ Constraints of Control Approaches ⇢ Performance Issues ⇢ Effective Performance Measurement System ⇢ Performance Evaluation System ⇢ Financial and Non-Financial Measures of Evaluation ⇢ Types of Performance Evaluation Systems ⇢ Production Issues ⇢ Factors that Affect Production ⇢ Facility Location ⇢ Scale of Operations ⇢ Cost of Production ⇢ Make-or-Buy Decisions ⇢ Supply Chain Issues ⇢ Globalization and its Effect on Supply Chain ⇢ Global Marketing Mix ⇢ Consumer Products ⇢ Price ⇢ Promotion ⇢ Distribution ⇢ Application of 4 P’s ⇢ Foreign Investment by International Companies ⇢ International Investment Outcomes ⇢ Factors for Investment Decisions ⇢ Funding the International Business ⇢ Sources of Funds ⇢ Foreign Exchange Risks ⇢ Hedging Forex Risks – Internal External Techniques ⇢ HRM Issues - Recruitment and Selection ⇢ Development & Training ⇢ Performance Evaluation ⇢ Management of Expatriates ⇢ Adverse Effects ⇢ Conflict Management ⇢ Factors Causing Conflicts ⇢ Conflict Management ⇢ Five A’s Technique ⇢ Negotiations ⇢ Ethical Issues ⇢ Employment Practices and Ethics ⇢ Human Rights ⇢ Environmental Pollution ⇢ Corruption ⇢ Moral Obligations ⇢ Applying the Golden Rule to International Business