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
To increase opportunities for expansion, many businesses participate in the international market. Explore the internationalization and globalization of businesses and explore various methods companies use to do operate in the world markets.
2. International Companies' Operating Environments
There are three major environments which international companies operate in: domestic, foreign, and international. Learn more about these three operating environments and evaluate the challenges and benefits of each type.
3. Benefits & Costs of the Globalization of Business
The phenomenon of globalization is the integration of countries, companies, and economies across the globe that affects each others production of goods and services. Learn more about the benefits and costs of globalization in the world of business.
4. Managing in International Companies
To ensure the greatest success, managers of international companies must consider the various aspects of each market in which their companies operate. Explore the main five factors of managing in international companies.
5. What Is Offshoring? - Definition, Advantages & Disadvantages
Offshoring refers to the relocation of a business process or operation to another country. Understand the definition of offshoring and explore the advantages and disadvantages of this practice.
6. Factors Affecting the Decision to Outsource
Outsourcing is when a business uses resources or services obtained from an outside source. Explore a few factors that affect the decision to outsource, including the need to meet demand, weaknesses in the company, and the potential to increase profit.
7. Political & Economic Systems in Global Business
Political and economic systems in global business can affect the world's international, financial, and commercial landscapes and are a necessity to be studied in business research. Learn more about political and economic systems in global business and define major economic systems.
8. Regional Integration: Definition, Influence & Purpose
Formal trade agreements developed through regional integration are a vital feature of international trade. Learn the definition of regional integration and discover its purpose and influences on the decision-making of businesses involved in international trade.
9. Ethical Decision Making in International Business
International business encounters many situations where business ethics—principles dictating right/wrong behavior—are highly applicable. See demonstrations of ethical work environments, leadership, and decisions.
10. Ethics & Social Responsibility in International Business
Business conducted internationally creates more potential for ethical and social complications. Identify various considerations for the global market, uniform standards, globalization, cultural imperialism, and outsourcing.
11. Globalization, Capitalism & Free Trade since 1990
Globalization, the exchange of goods worldwide, has been a staple for free trade development since 1990. Learn how different organizations have contributed to globalization with capitalism, and the effects of their economic decisions.
12. Ethical Concerns About the Globalization of Information
As the world becomes more connected through globalization, so does the threat of ethical concerns around the sharing of information. Learn more about intellectual property, different types of intellectual property protection, and how globalization affects information and outcomes.
13. Ethical Issues in International Business
An international business must tackle ethical issues in order to grow successfully and protect its integrity. Discover more about this concept, including corruption, employment, pollution, and improving global ethics.
14. Causes of Unethical Behavior in International Business
Explore the various causes of unethical behavior in international business. Discover how personal ethics, business culture, power, pressure, and loyalty to a company can cause confusion regarding ethical practices and lead to unethical decisions.
15. The Ethics of Bribery in Global Marketing
Bribery is a term with often negative connotations and the ethics of it are always in question. Explore the ethics of bribery in global marketing, using the fictional Starnes-Brenner case study to explore types of bribes and common dilemmas and justifications.
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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