About This Chapter
Introduction to International Business - Chapter Summary
If you want/need to learn or review the basics of international business, this chapter will help you cultivate a strong understanding of business on an international scale. With short and engaging lessons, the chapter examines the topics such as the international market, the globalization of business and its benefits and costs. Our expert business instructors provide clear definitions and memorable examples to help you retain the information. Short lesson quizzes are included to help you memorize international business fundamentals. Studying these lessons will enable you to:
- Recognize examples of global strategy
- Evaluate the benefits and costs of business globalization
- Compare the cost of doing business abroad vs. the liability of foreignness
- Outline the effects and definition of globalization
- Discuss the four forms of capital in globalization
1. What is Globalization? - Definition, Effects & Examples
Globalization is an emerging trend in business. Here you will learn the definition of globalization, examine its positive and negative effects, and be presented with real examples of globalization in the twenty-first century.
2. Four Forms of Capital in Globalization: Types & Examples
The movement of capital between countries is more than just foreign monetary investment. In this lesson we will look at four forms of capital relevant to international trade, define them, and give examples of how capital flows between countries.
3. 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.
4. Cost of Doing Business Abroad vs. Liability of Foreignness
In this lesson we'll address the costs of doing business abroad (CDBA) and the liability of foreignness (LOF). We'll discuss and analyze each and look at their effects on international corporations.
5. Global Strategy: Definition & Example
This lesson provides an overview of how companies transition from an international company to a global company using global strategy. We will use McDonald's, the largest food service retailer in the world, to demonstrate how and why global strategy is used.
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Other chapters within the Business 120: International Business course
- How Culture Affects International Business
- Global Economic Development
- Key Factors in International Trade
- International Trade Management & Regulation
- Exchange Rates & Currency Changes
- International Market Entry Strategies
- Management & Human Resources in International Business
- International Operations Management
- Global Marketing and R&D Strategies
- Communication & Decision-Making in Global Business
- Impact of Globalization on Organizations
- Impact of Globalization on Countries
- Global Business Ethics
- Future of Globalization
- Studying for Business 120