Study Guide: International Business Management Essay examples

Submitted By n8bolt19
Words: 996
Pages: 4
Open Document
Government
A continuum from “Government in charge of everything” to “Government in charge of nothing”
Most governments are somewhere in the middle where citizens give up some personal rights to the government which dictates behavior in certain circumstances for the betterment of society as a whole
The Role of Government
Leadership- race to the top
Creating business-friendly infrastructure
Inexpensive, reliable utilities (phone, gas, water, waste)
Inexpensive, reliable transport/travel (highways, airports)
Ensure a well-educated workforce
Create a business-friendly regulatory environment
Easy to start a business, higher/fire workers, enforce contracts, get credit, close a business.
Political Risks
Ownership, Approval systems, anti-competition, infrastructure, business related laws (HR, environment, safety), corruption, terrorism.
Financial Risks
Exchange rates, taxes, Money transfer barriers, depreciation and accounting requirements
Managing risk
Be a good citizen of the host country (support charities)
Develop local support
Help local companies improve, but keep proprietary technology to yourself
Treat employees well
Monitor the political environment
Be insured

Chapter 2 key terms

Collectivism
Political system that stresses the primacy of collective goals over individual goals. Needs of society as a whole are generally viewed as being more important than individual freedoms.
Socialism
A political philosophy advocating substantial public involvement through government ownership, in the means of production and distribution
Communist
Those who believe socialism can be achieved only through revolution and totalitarian dictatorship
Privatization
The sale of state-owned enterprises to private investors
Individualism
An emphasis on the importance of guaranteeing individual freedom and self-expression
Totalitarianism
Form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties
Common law
A system of law based on tradition, precedent, and custom
Civil law
A system of law based on a detailed set of written laws and codes
Theocratic law
A system based on religious teachings
Private action
The theft, piracy, blackmail, and the like by private individuals or groups
Public action
The extortion of income or resources of property holders by public officials, such as politicians and government bureaucrats
Foreign Corrupt Practices Act
U.S. law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions
Intellectual property
Products of the mind, such as computer software, a screenplay, a music store, or the chemical formula for a new drug; can be patents, copyrights, and trademarks
Purchasing Power Parity
An adjustment in gross domestic product per capita to reflect differences I the cost of living
First-Mover Advantages
Advantages that accrue to the first to enter a market
Late-Mover Disadvantages
Handicaps experienced by being late entrant into a market
Political risk
The likelihood that political forces will cause drastic changes in a country’s business environment that will adversely affect the profit and other goals of a business enterprise
Economic risk
The likelihood that events, including economic mismanagement, will cause drastic changes in a country’s business environment that hurt the profit and other goals of a particular business enterprise

Cross-cultural literacy
An understanding of how cultural differences across and within nations can affect the way business is practiced
Values
Abstract ideas about what a group believes to be good, right, and desirable
Ethics
A set of moral principles, or values, that are used to guide and shape behavior
Power distance
Theory of how a society deals with the fact that people are unequal in physical and intellectual capabilities.
Uncertainty Avoidance
Extent to
Show More

Related Documents: Study Guide: International Business Management Essay examples

Importance Of Commerce In Commerce

banking, business management and much more. Knowledge of the subject is however not harmful at all and you can basic tricks and skills regarding mathematics. Here is a list of subjects for 10+2 commerce: • Accountancy • Economics • Mathematics • Business • Finance • Business economics • Cost accounting • Income tax • Auditing • Business finance • Marketing • Business law As a 12th class student you must be aware of the basic concepts of economics, accountancy, mathematics and business studies. Commerce…

Words 958 - Pages 4

Essay on MN2205 Course Outline

School of Management MN2205 Strategic Management Course Outline and Study Guide MODULE LEADER: Ailson J. De Moraes Room MX107 Ailson.DeMoraes@royalholloway.ac.uk WORKSHOP TUTORS: Ailson J. De Moraes Mahmoud Abdelrahman Gideon Azumah Najib Murad Sumanta Barua Brief Outline and Aims of the Course The course provides the student with an understanding of the principal theories and modules of strategic management and how to set them in the context of key developments in which contemporary…

Words 1330 - Pages 6

International Business And Management Assignment

School of Society, Enterprise and Environment BUSINESS AND MANAGEMENT BM7031 – 30 International Businesses and Management (Level 7 Compulsory module) Module Handbook – Feb 2015 Welcome to module BM7031 – International Business and Management This handbook provides you with all the information you need to gain the best learning outcome from your participation in this module. Staff Dr Lu Liu Email – l.liu@bathspa.ac.uk Office Location – CM229 *Notes: Should you wish…

Words 6450 - Pages 26

Guidelines For A Term Paper And Presentation

questions STEP 4: Read and synthesize information from previous studies STEP 5: Analyze three cases and integrate the information from the cases STEP 6: Describe your findings (what are common factors and differences from the cases analysis in terms of the topic selected by your group?) STEP 7: Discuss the results or suggest your thoughts on the topic. (In particular, please highlight your insights as an international business manager.) STEP 8: Proofread the manuscript and make appropriate…

Words 1459 - Pages 6

Eburger Comparecontrast 011313 Essay

come to mind when discussing international grocery retailers. Each of these organizations has realized significant benefit in pursuing international opportunities; with a large portion of their total revenue coming from foreign sales. Retail giant Walmart attributes just over 18% of its annual net sales to revenue generated in 15 non-US countries. Carrefour operates in 32 foreign countries which generate over 48% of its net sales. To ensure success in international business companies must adopt the right…

Words 690 - Pages 3

Organisational behaviour Essay example

BTEC Level 4 and Level 5 Higher National Diplomas in Business Unit 1: Business Environment (Y/601/0546) Textbooks Sawyer M, (ed) – The UK Economy: A Manual of Applied Economics, 16th edition (OUP Oxford; 2004) ISBN: 9780199266517 Begg D – Foundations of Economics, 4th edition (McGraw-Hill Higher Education, 2009) ISBN: 9780077121884 Morrison J – International Business Environment: Global and Local Marketplaces in a Changing World (Palgrave Macmillan, 2006) ISBN: 9781403936912 A & C Black…

Words 5803 - Pages 24

Advanced Corporate Finance AFC3140 Essay

I'A ADVANCED CORPORATE FINANCE STUDY GUIDE Financial Management Association of Australia (FMAA) Monash Important Notice The following notes have been prepared and provided as a skeleton (sketch) of the course for this unit. It is the responsibility of the student to make note of any changes in course content. These notes may exclude some topics and therefore be inconsistent with current faculty teaching. These notes should not be relied upon solely. These notes should only be used to provide a…

Words 2032 - Pages 9

intermediate accounting 2 test bank Essay

and Risk Management Chance 7 An Introduction to Derivatives and Risk Management Chance 8 An Introduction to Management Science: Quantitative Approaches to Decision Making Anderson 12 International Analysis for Financial Management Higgins 9 Anatomy & Physiology The Unity of Form and Function Saladin 5 Anatomy & Physiology with IP 9-System Suite Martini 1 Intermediate Accounting Kieso 15th Edition Test Bank Intermediate Accounting Kieso 15th Edition Test Bank Anderson's Business Law and…

Words 8328 - Pages 34

Analyse Fundamental Concepts To Extrapolate The Nature Of Information Systems And Their Role In Business

DESCRIPTOR This unit of study introduces students to the nature and types of Information Systems and their importance to business processes. The unit provides an introduction to the principles that need to be applied in the development and application of effective Information Systems in business. This unit aims to provide participants with the knowledge and skills to have a working understanding of the fundamental concepts of Information Systems and their role in business processes, which play a…

Words 2393 - Pages 10

Babatunde Island Welcome Back Center Summary

Guide to Strategic Planning: Environmental Analysis – The Rhode Island Welcome Back Center In this guide, we have introduced the organization to help think about future direction. Also, we discussed the importance of preparing to plan. Therefore, the environmental assessment sets the tone for strategic planning (Zuckerman, 2016). In this section of the guide, the RIWBC board will start to think about the critical question that addresses the internal and external capacities that the organization must…

Words 1354 - Pages 6