About This Chapter
Global Business Environment Overview - Chapter Summary
This series of bite-sized video lessons explores fundamental concepts regarding the global business environment. Follow along with our expert business instructors to review the process of globalization, international company management, regional integration, the ethics of international business and much more. To help you remember the most important terms and concepts from the chapter, we've included lesson-specific quizzes and a chapter exam. The chapter can be studied on any computer or mobile device, or you can print the accompanying lesson transcripts to study offline. When you're finished, you should be able to:
- Identify the major drivers and institutions that have shaped globalization
- Outline the process of business globalization and internationalization
- Describe the operating environment of international companies
- Assess the benefits and costs that are involved with the globalization of a business
- Evaluate government-business relations
- Understand how international companies are managed
- Compare a global business' political and economic systems
- Define the concept of regional integration
- Analyze ethical issues pertaining to international business
1. Major Drivers of Globalization & Institutions that Shaped the Process
There are many factors that are responsible for the flourishing of globalization. In this lesson, we will discuss the technological changes and institutions that have driven the process. In the end, you will take a quiz to challenge your knowledge on the subject.
2. Internationalization & Globalization of Businesses
When companies decide to do international business, they have a wide variety of methods they can use to actually enter the market. This lesson will discuss those different methods and analyze how they work in an international context.
3. International Companies' Operating Environments
International companies' operating environments are complicated due to numerous factors. In this lesson we will identify and describe the three environments in which the international company operates: domestic, foreign and international.
4. Benefits & Costs of the Globalization of Business
Globalization has become a requirement for corporations to remain competitive in the marketplace. In this lesson, you will learn about the definition of globalization and the benefits and costs.
5. Government-Business Relations in Global Business
Government-business relations have an impact on international businesses. In this lesson, we will discuss how businesses can work collaboratively with governments and the civil sector to address global issues.
6. Managing in International Companies
Managing in international companies takes a special type of person. The reason for that is that not only do managers have to have an understanding of how to conduct business, but they also must deal with several other factors that are present in the international arena.
7. Political & Economic Systems in Global Business
Understanding the different political and economic systems in global business can be a difficult task. We will identify the major types of political and economic systems in which companies operate across the world and the special challenges posed by doing business in diverse settings.
8. Regional Integration: Definition, Influence & Purpose
Regional integration is when a group of countries get together and develop a formal agreement regarding how they will conduct trade with each other. There are many different levels of involvement, and in this lesson, we will review the types and how a manager should understand and match them to his or her company's international needs.
9. Ethical Issues in International Business
Corporations that tackle the global market face many difficulties. In this lesson, we will examine the ethical issues in international business, such as corruption, pollution, and environmental challenges.
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Other chapters within the UExcel Business Ethics: Study Guide & Test Prep course
- Business, Government & Society Overview
- Understanding Business Ethics
- The Interaction of Business, Government & Society
- Understanding Management & Stakeholders in Business
- Public Affairs & Crisis Management for Business
- Employer-Employee Relationships
- Promoting Diversity in the Workforce
- Stockholders & Corporate Governance
- Corporate Social Responsibility & the Community
- Consumer Rights & Protections
- The Importance of Ethics in Advertising
- Business & Special Interest Groups
- The US Government & Legislation
- Regulations & Public Policy for Business
- The Judicial Branch of the US Government
- Business & Antitrust Laws
- Understanding International Trade & Business Law
- Understanding Technology in Business
- Understanding Environmental Issues in Business
- UExcel Business Ethics Flashcards