About This Chapter
The Global Business Environment - Chapter Summary and Learning Objectives
Lessons in this chapter focus on globalization of businesses and offer an in-depth study of how the process works and why businesses are motivated to move into the international market. The professional instructors who teach these lessons will cover management strategies for international businesses, challenges of doing business internationally and ethical issues. After watching the videos in this chapter, you'll have knowledge of the following:
- Methods for entering the global marketplace
- Global operating environments
- Governmental impact
- Regional integration
- Economic growth and development
|Globalization: Definition & Common Avenues into the Global Marketplace||Provides a definition for this concept and offers an overview of ways that businesses can enter the global marketplace.|
|Motivators of Globalization & the Organizations that Shaped the Process||Identifies major drivers of the globalization process. Examines the international financial and trade institutions that played a role in this process over the past few decades.|
|Internationalization & Globalization of Businesses||Details the numerous ways a company can become globalized. Discusses imports and exports, licensure agreements, joint ventures, strategic partnerships, wholly-owned subsidiaries and vertically integrated wholly-owned subsidiaries.|
|Operating Environments of the International Company: Domestic, Foreign & International||Identifies and describes domestic, foreign, and international operating environments.|
|The Benefits & Costs of Globalization of Business||Examines the benefits and costs of doing business in the global marketplace.|
|Government-Business Relations in a Global Business Environment||Explains the impact of government on international business. Describes how global issues can be addressed by businesses that work collaboratively with governments and the civil sector.|
|Managing in International Companies||Details the issues that managers must deal with in the global environment. Examines political, legal, sociocultural, economic and technological concerns.|
|Political & Economic Systems in the Global Business Environment||Describes the primary types of political and economic systems in which global companies operate. Introduces the special challenges posed by doing business in diverse settings.|
|Regional Integration: Definition, Influence & Purpose||Defines regional integration and details how it is used by global managers to remove political, social, and economic barriers.|
|Ethical Issues in International Business||Explores ethical concerns associated with international business. Discusses corruption and global societal interest groups. Reviews the global code of ethics and describes how to improve ethics in the global business environment.|
|What Is Economic Growth and Development? - Definition, Theories & Indicators||Defines and provides examples of economic growth and economic development. Explains how the U.S. promotes economic growth and development in foreign countries.|
1. 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.
2. 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.
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. 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.
5. What Is Offshoring? - Definition, Advantages & Disadvantages
Companies move part or all of their production to other countries for a number of reasons. In this lesson, you will learn more about offshoring and its advantages and disadvantages.
6. Factors Affecting the Decision to Outsource
Watch this video lesson to learn how a business decides whether to outsource or not. Learn the reasons why outsourcing can sometimes be cheaper and thus more profitable for a company.
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 Decision Making in International Business
Ethical decision making in international business varies depending on the culture of the country in which the business is located. In this lesson, we'll discuss ways to make sure ethical practices are being used in foreign countries.
10. Ethics & Social Responsibility in International Business
As the world becomes more and more connected, there are still serious social and ethical problems that need to be worked out in the business world. This lesson identifies some of those problems.
11. Globalization, Capitalism & Free Trade since 1990
In this lesson, we explore the growth of capitalism and free trade since 1990. We'll also examine the globalization spurred by the removal of tariffs and trade barriers.
12. Ethical Concerns About the Globalization of Information
In this lesson, we'll discuss the impact of globalization on intellectual property. As information exchange becomes quicker and easier with the Internet, there are certain ramifications we need to be aware of both domestically and internationally.
13. 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.
14. Causes of Unethical Behavior in International Business
Have you ever been tempted to make the wrong decision? Well, you may not have been in this situation before, but many in the business world have. In this lesson, we'll learn what causes people to behave unethically in international business.
15. The Ethics of Bribery in Global Marketing
To bribe or not to bribe is the question. In this lesson, we discuss the Starnes-Brenner Machine Tool Company case study and the dilemmas of bribery in International Marketing.
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Other chapters within the Business 108: Business Ethics course
- Introduction to Business Ethics
- Employees, Stockholders, & Corporate Governance
- The Relationship Between Business, Government & Society
- Public Relations for Business
- Diversity in the Workforce
- Business-Government Relations
- Business' Influence on the Political Environment
- Corporate Social Responsibility & Citizenship
- Business & the Community
- The Media's Impact on Business
- Consumer Rights & Regulations
- Ethics in Advertising
- Strategies of Special Interest Groups
- Technology, Business, & Society
- Environmental Issues in Business
- Individual Integrity & Ethics
- Studying for Business 108