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Ch 6: Global Business, Government & Society

About This Chapter

Our expert instructors developed the lessons in this chapter to teach you about global business, government and society. We make use of several study aids to enhance your learning experience.

Global Business, Government & Society - Chapter Summary and Learning Objectives

The lessons in this chapter address global business, government and society, and take look at how intertwined each of these areas are with one another. Having an awareness of these relationships can result in better business decisions.

These lessons are mostly short videos, lasting 5-10 minutes in run time, and include a quiz to take at the end to assess your understanding of the material. If you need to refer back to a specific part of the lesson, you can do so with the video transcript or by using the keyword-based timeline tool that allows you to replay any section. Completion of the lessons in this chapter means you will know:

  • The interactions and influences between business, government and society
  • Globalization drivers and influential institutions
  • Political and economic systems in global business and how changes in one create changes in the other
  • The prospects of becoming one global society
  • Partnerships and interactions between business and the community
  • Foreign direct investment and the market imperfections theory

Lesson Objective
Business, Government & Society: Interactions and Influences Break down how three different models of business, government and society influence one another.
Major Drivers of Globalization & Institutions that Shaped the Process Analyze some of the factors that shaped the process of globalization.
Political & Economic Systems in Global Business Report on the major types of political and economic systems that global businesses work within.
Political Environment in International Business: Definition, Factors & Impact Evaluate the factors and impact on the political environment in international business.
How Political & Economic Change Influence Each Other Assess how much political and economic change affect each other.
Global Society: Definition & Concept Critique the pluses and minuses of our rush to becoming one global society.
Government-Business Relations in Global Business Consider government-business relations within the global economy.
Business & the Community: Partnerships & Interactions Weigh the interdependence between business and the community.
What Is Foreign Direct Investment? - Definition, Advantages & Disadvantages Explain the controversy surrounding foreign direct investment.
Market Imperfections Theory & Foreign Direct Investment Appraise the relationship between market imperfections theory and foreign direct investment.

12 Lessons in Chapter 6: Global Business, Government & Society
Test your knowledge with a 30-question chapter practice test
Business, Government & Society: Interactions and Influences

1. Business, Government & Society: Interactions and Influences

Business, government, and society interact and influence each others' specific objectives and goals. In this lesson, you will learn the three different models that can impact how they influence each other.

Major Drivers of Globalization & Institutions that Shaped the Process

2. 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.

Political & Economic Systems in Global Business

3. 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.

Political Environment in International Business: Definition, Factors & Impact

4. Political Environment in International Business: Definition, Factors & Impact

Governments and politics play a large role in international business. In this lesson, you'll learn about the political environment in international business, some of its key factors, and its impact. A short quiz follows.

How Political & Economic Change Influence Each Other

5. How Political & Economic Change Influence Each Other

Money and power are often seen as going hand in hand. However, this lesson demonstrates that, while political and economic changes often accompany each other, it doesn't always work that way.

International Economic Environment in Marketing: Definition & Factors

6. International Economic Environment in Marketing: Definition & Factors

In this lesson, we'll discuss the global economic environment while learning how it can affect international business operations. We'll also take a look at the business cycle.

Analyzing Economic Environment & Business Potential

7. Analyzing Economic Environment & Business Potential

When any organization is looking to expand abroad, it first needs to find the right place. Data on the economic environment can show the risks and benefits of entering into a new market. This lesson looks at the data organizations can get about the economic environment to decide where to expand.

Global Society: Definition & Concept

8. Global Society: Definition & Concept

Is our world international or global? Is there even a difference? In this lesson, we'll explore the concept of a global society and consider the evidence that could point to its arrival.

Government-Business Relations in Global Business

9. 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.

Business & the Community: Partnerships & Interactions

10. Business & the Community: Partnerships & Interactions

Businesses and communities depend on each other for support to create a flourishing, stable, and profitable society. In this lesson, you will learn about the interdependencies between companies and communities as well as their collaborative partnerships.

What Is Foreign Direct Investment? - Definition, Advantages & Disadvantages

11. What Is Foreign Direct Investment? - Definition, Advantages & Disadvantages

Foreign direct investment has been a controversial issue in international economics. In this lesson, you'll learn about it, including some of its advantages and disadvantages. A short quiz follows the lesson.

Market Imperfections Theory & Foreign Direct Investment

12. Market Imperfections Theory & Foreign Direct Investment

This lesson explains the relationship between market imperfections theory and foreign direct investment. Both are related to international trading markets. Companies look to foreign direct investment to remove the effects of any market imperfections.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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