International Business

-International Business means the transnationalisation of the world economy. -International Business is the attitude of mind-it is mind set which views the entire world as a single market and corporate strategy is based accordingly.

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Doing, or planning to expand, business globally. Giving up the distinction between domestic market and global market. Locating the production and other physical facilities on a consideration of the global business dynamics. Basing product development and production planning on the global market consideration. Global sourcing of factors of production i.e raw material, components, machinery, finance etc are obtained from the best source anywhere in the world. Global orientation of organsational sturcture and management culture.

Trading:- Import and export of goods and services.  Manufacturing and Marketing:Manufacturing the goods first and then doing export.  Sourcing and Marketing:- Outsourcing the product then market at home and abroad.  Global sourcing for Production:- when firm source the raw material, intermediates etc required for their manufacturing globally. 

Services:- Providing services like tourism, transportation, it, banking, consultancy etc.  Investment:- doing investment in the foreign economy for manufacturing, marketing and other services. 

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Custom Duties:- Imposing heavy taxes on the imported items. Example:- as we export cars or bike manufactured in the foreign we have to pay 120% taxes. Quotas’ Restriction:- Putting quota restriction on import and export. Example:- such as gold we can bring the gold upto a particular amount. Complete Embargo:- Banned the product completely. Trade Policy:- Trade policy can also hinders the operations of the company.

Political Risk  Technological Risk  Legal Risk  Economical Risk  Environmental Risk  Cultural Risk 

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