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. 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 Business 108: Business Ethics course
- Introduction to Business Ethics
- Employees, Stockholders, & Corporate Governance
- Management in Organizations
- The Relationship Between Business, Government & Society
- Public Relations for Business
- Diversity in the Workforce
- Business-Government Relations
- Government Regulation on Business
- Business' Influence on the Political Environment
- The Executive Branch of Government: Composition & Roles
- Antitrust Laws in Business
- 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
- International Trade & Business Law
- Studying for Business 108