We live in a global economy in which one quarter of the worlds recorded output is exported, where a change in business practice in Beijing can have a direct impact on a workforce in Birmingham, and where support to a customer in Detroit can be provided from Delhi.
International business is everywhere and affects us all on a daily basis. Individuals and organisations therefore need to understand a global as well as a local business environment, as well as how to manage and market across cultures, trade across national and legal boundaries, and plan for an ever-more competitive and unpredictable future.
This book provides a clear and concise introduction to this most interdisciplinary of subjects, explaining in straightforward language the economic and financial underpinnings of international business, and the more subtle organisational and cultural issues increasingly crucial to business success. The managerial challenges which face organisations of all types and sizes, no matter where they are located, are reviewed and explored.
Over 60 case studies enable you to learn from examples such as:
- developing management skills in South Africa
- legal services and intellectual property rights in India
- Islamic culture and international human resource management
- stabilising the World Bank in the face of economic uncertainty
- the experiences of multinationals including Toyota, Dyson, Body Shop and many more
International Business is written for students on a range of undergraduate and postgraduate programmes. In addition to the questions and other features within the book, log on to www.pearsoned.co.uk/wall to check your understanding of key concepts, and further your study of this dynamic and ever-changing subject.
Product Description
International Businessprovides a clear and concise introduction to the environment and functions of international business.
It explains in straightforward language the economic and financial underpinnings of international trade, the more subtle organisational and cultural issues, and the managerial challenges which face organisations of all types and sizes. In particular, it provides up-to-the-minute coverage of recent global events the economic downturn and uncertainty in financial markets.
It is written for students on undergraduate and postgraduate degree programmes, or undertaking professional qualifications. It is especially suitable for non-specialist students of business.
Backcover
We live in a global economy in which one quarter of the world’s recorded output is exported, where a change in business practice in Beijing can have a direct impact on a workforce in Birmingham, and where support to a customer in Detroit can be provided from Delhi.
International business is everywhere and affects us all on a daily basis. Individuals and organisations therefore need to understand a global as well as a local business environment, as well as how to manage and market across cultures, trade across national and legal boundaries, and plan for an ever-more competitive and unpredictable future.
This book provides a clear and concise introduction to this most interdisciplinary of subjects, explaining in straightforward language the economic and financial underpinnings of international business, and the more subtle organisational and cultural issues increasingly crucial to business success. The managerial challenges which face organisations of all types and sizes, no matter where they are located, are reviewed and explored.
Over 60 case studies enable you to learn from examples such as:
- developing management skills in South Africa
- legal services and intellectual property rights in India
- Islamic culture and international human resource management
- stabilising the World Bank in the face of economic uncertainty
- the experiences of multinationals including Toyota, Dyson, Body Shop and many more
International Business is written for students on a range of undergraduate and postgraduate programmes. In addition to the questions and other features within the book, log on to www.pearsoned.co.uk/wall to check your understanding of key concepts, and further your study of this dynamic and ever-changing subject.
Preface: using this book xiii
Acknowledgements xiv
Abbreviations xvii
1 Introduction to international business
Introduction
Patterns and trends in international business
Globalisation
The multinational enterprise (MNE)
How important are the multinationals?
Useful websites
Useful key texts
Other texts and sources
Case studies
1.1 Dyson relocates production to South-East Asia
1.2 Happy birthday, globalisation
1.3 How to play the home advantage
1.4 Does a global approach benefit the company?
1.5 Competing in a globalised economy
Boxes
1.1 Relative Unit Labour Costs (RULC)
1.2 Definitions of Globalisation
1.3 Globalisation Features
2 Internationalisation process
Introduction
Export-based methods for internationalisation
Non-equity-based methods for internationalisation
Equity-based methods for internationalisation
Why invest abroad?
Theoretical explanations
Useful websites
Useful key texts
Other texts and sources
Case studies
2.1 Helping inward fdi
(a) South Africa: Skills Support Programme
(b) Egypt: Suppliers Development Programme
2.2 Patents and the EU pharmaceuticals market
2.3 Legal Process Outsourcing in India
2.4 Market entry into China
2.5 The Japanese keiretsu
2.6 China versus South Korea
2.7 Toyota wins support for its US operations
2.8 Daewoo moves into international agriculture
2.9 Internationalisation may not always deliver!
Boxes
2.1 Flat tax regimes
2.2 Government policies, exporting and fdi
3 International business: theory and practice
Introduction
Gains from trade
Sources of comparative and competitive advantage
Trade and the world economy
Barriers to trade
Protectionist policies
Regional trading arrangements
Government policies and international business
International institutions and world trade
The European Union (EU)
Useful websites
Useful key texts
Other texts and sources
Case studies
3.1Impacts of freer trade
3.2 Intra-industry trade: Honda
3.3 High cost of anti-dumping tariffs
3.4 Harbours of resentment
3.5 WTO to rule on US import duties
Boxes
3.1 Comparative advantage and opportunity cost
3.2 Gains from trade
3.3 Impacts of a tariff
3.4 Impacts of a subsidy
3.5 Customs Union: trade creation and trade diversion
3.6 Impacts of EU policies on farms and agri-businesses
3.7 IMF stabilisation programmes
3.8 World Bank structural adjustment and stabilisation
4 The political, legal, economic and technological environment
Introduction
Political environment
Political risk
The international legal environment
Intellectual property rights
Economic systems
Economic variables and the business environment
Technological environment
Technology transfer
Useful websites
Useful key texts
Other texts and sources
Case studies
4.1 Chinese government and EU milk products
4.2 BMW after Rover
4.3 Tougher scrutiny of foreign takeovers in US
4.4 Intellectual Property Rights (IPR) in India: Novartis
4.5 Extending copyright
4.5 Intellectual property rights in China (IPR): Durex
4.6 Market influences on Wellcome share price
4.7 Chinas capital markets begin to open
4.8 Finance chiefs take pessimistic view
Boxes
4.1 EU directives and state aid
4.2 EU directives and data protection
4.3 Strategic patenting
4.4 Elasticity of demand
4.5 Creating or destroying jobs
5 International sociocultural environment 171
Introduction
National cultural characteristics
Cultural impacts on international business
National, organisational and occupational cultures
Strategies for developing intercultural competence
Useful websites
Useful key texts
Other texts and sources
Case studies
5.1 National culture and Japanese competitiveness
5.2 East meets West
5.3 Culture of communication breaks through traditional barriers
5.4 Corporate culture and Japanese competitiveness
5.5 Management gurus might rethink the Dutch approach
5.6 Challenges to cross-cultural team management
5.7 Corporate personality has a big impact on business success
Boxes
5.1 A clash of cultures
5.2 National and organisational cultural dimensions
6 International ethical and ecological environment
Introduction
Business ethics
Ethics and the corporate culture
Different ethical positions
International business ethics
International efforts to improve business ethics
Ecological/environmental issues
Global warming, carbon footprint and tradable permits
Useful websites
Useful key texts
Other texts and sources
Case studies
6.1 The Body Shop
6.2 Ethics and profits
6.3 Bribery and international business
6.4 US groups in ethical standards push
6.5 Taxing and regulating smoking
6.6 Organic farming
6.7 Biofuels subsidies criticised
6.8 Prices no incentive for a clean up
Boxes
6.1 An ethical dilemma
6.2 TI Corruption Perception Index
6.3 Environmental impacts, taxes and regulations
6.4 Stern Report and global warming
6.5 The EU Emissions Trading Scheme
7 International strategic issues
Introduction
Business strategy ideas and concepts
Choice of strategy
Corporate strategy in a global economy
International business and the value chain
International business strategies
International business strategies and political perspectives
Institutional strategies and international business
Techniques for strategic analysis
International operations management and logistical strategies
Useful websites
Useful key texts
Other texts and sources
Case studies
7.1 Strategies in practice
a) Pharmaceutical
International business is everywhere and affects us all on a daily basis. Individuals and organisations therefore need to understand a global as well as a local business environment, as well as how to manage and market across cultures, trade across national and legal boundaries, and plan for an ever-more competitive and unpredictable future.
This book provides a clear and concise introduction to this most interdisciplinary of subjects, explaining in straightforward language the economic and financial underpinnings of international business, and the more subtle organisational and cultural issues increasingly crucial to business success. The managerial challenges which face organisations of all types and sizes, no matter where they are located, are reviewed and explored.
Over 60 case studies enable you to learn from examples such as:
- developing management skills in South Africa
- legal services and intellectual property rights in India
- Islamic culture and international human resource management
- stabilising the World Bank in the face of economic uncertainty
- the experiences of multinationals including Toyota, Dyson, Body Shop and many more
International Business is written for students on a range of undergraduate and postgraduate programmes. In addition to the questions and other features within the book, log on to www.pearsoned.co.uk/wall to check your understanding of key concepts, and further your study of this dynamic and ever-changing subject.
Product Description
International Businessprovides a clear and concise introduction to the environment and functions of international business.
It explains in straightforward language the economic and financial underpinnings of international trade, the more subtle organisational and cultural issues, and the managerial challenges which face organisations of all types and sizes. In particular, it provides up-to-the-minute coverage of recent global events the economic downturn and uncertainty in financial markets.
It is written for students on undergraduate and postgraduate degree programmes, or undertaking professional qualifications. It is especially suitable for non-specialist students of business.
Backcover
We live in a global economy in which one quarter of the world’s recorded output is exported, where a change in business practice in Beijing can have a direct impact on a workforce in Birmingham, and where support to a customer in Detroit can be provided from Delhi.
International business is everywhere and affects us all on a daily basis. Individuals and organisations therefore need to understand a global as well as a local business environment, as well as how to manage and market across cultures, trade across national and legal boundaries, and plan for an ever-more competitive and unpredictable future.
This book provides a clear and concise introduction to this most interdisciplinary of subjects, explaining in straightforward language the economic and financial underpinnings of international business, and the more subtle organisational and cultural issues increasingly crucial to business success. The managerial challenges which face organisations of all types and sizes, no matter where they are located, are reviewed and explored.
Over 60 case studies enable you to learn from examples such as:
- developing management skills in South Africa
- legal services and intellectual property rights in India
- Islamic culture and international human resource management
- stabilising the World Bank in the face of economic uncertainty
- the experiences of multinationals including Toyota, Dyson, Body Shop and many more
International Business is written for students on a range of undergraduate and postgraduate programmes. In addition to the questions and other features within the book, log on to www.pearsoned.co.uk/wall to check your understanding of key concepts, and further your study of this dynamic and ever-changing subject.
Preface: using this book xiii
Acknowledgements xiv
Abbreviations xvii
1 Introduction to international business
Introduction
Patterns and trends in international business
Globalisation
The multinational enterprise (MNE)
How important are the multinationals?
Useful websites
Useful key texts
Other texts and sources
Case studies
1.1 Dyson relocates production to South-East Asia
1.2 Happy birthday, globalisation
1.3 How to play the home advantage
1.4 Does a global approach benefit the company?
1.5 Competing in a globalised economy
Boxes
1.1 Relative Unit Labour Costs (RULC)
1.2 Definitions of Globalisation
1.3 Globalisation Features
2 Internationalisation process
Introduction
Export-based methods for internationalisation
Non-equity-based methods for internationalisation
Equity-based methods for internationalisation
Why invest abroad?
Theoretical explanations
Useful websites
Useful key texts
Other texts and sources
Case studies
2.1 Helping inward fdi
(a) South Africa: Skills Support Programme
(b) Egypt: Suppliers Development Programme
2.2 Patents and the EU pharmaceuticals market
2.3 Legal Process Outsourcing in India
2.4 Market entry into China
2.5 The Japanese keiretsu
2.6 China versus South Korea
2.7 Toyota wins support for its US operations
2.8 Daewoo moves into international agriculture
2.9 Internationalisation may not always deliver!
Boxes
2.1 Flat tax regimes
2.2 Government policies, exporting and fdi
3 International business: theory and practice
Introduction
Gains from trade
Sources of comparative and competitive advantage
Trade and the world economy
Barriers to trade
Protectionist policies
Regional trading arrangements
Government policies and international business
International institutions and world trade
The European Union (EU)
Useful websites
Useful key texts
Other texts and sources
Case studies
3.1Impacts of freer trade
3.2 Intra-industry trade: Honda
3.3 High cost of anti-dumping tariffs
3.4 Harbours of resentment
3.5 WTO to rule on US import duties
Boxes
3.1 Comparative advantage and opportunity cost
3.2 Gains from trade
3.3 Impacts of a tariff
3.4 Impacts of a subsidy
3.5 Customs Union: trade creation and trade diversion
3.6 Impacts of EU policies on farms and agri-businesses
3.7 IMF stabilisation programmes
3.8 World Bank structural adjustment and stabilisation
4 The political, legal, economic and technological environment
Introduction
Political environment
Political risk
The international legal environment
Intellectual property rights
Economic systems
Economic variables and the business environment
Technological environment
Technology transfer
Useful websites
Useful key texts
Other texts and sources
Case studies
4.1 Chinese government and EU milk products
4.2 BMW after Rover
4.3 Tougher scrutiny of foreign takeovers in US
4.4 Intellectual Property Rights (IPR) in India: Novartis
4.5 Extending copyright
4.5 Intellectual property rights in China (IPR): Durex
4.6 Market influences on Wellcome share price
4.7 Chinas capital markets begin to open
4.8 Finance chiefs take pessimistic view
Boxes
4.1 EU directives and state aid
4.2 EU directives and data protection
4.3 Strategic patenting
4.4 Elasticity of demand
4.5 Creating or destroying jobs
5 International sociocultural environment 171
Introduction
National cultural characteristics
Cultural impacts on international business
National, organisational and occupational cultures
Strategies for developing intercultural competence
Useful websites
Useful key texts
Other texts and sources
Case studies
5.1 National culture and Japanese competitiveness
5.2 East meets West
5.3 Culture of communication breaks through traditional barriers
5.4 Corporate culture and Japanese competitiveness
5.5 Management gurus might rethink the Dutch approach
5.6 Challenges to cross-cultural team management
5.7 Corporate personality has a big impact on business success
Boxes
5.1 A clash of cultures
5.2 National and organisational cultural dimensions
6 International ethical and ecological environment
Introduction
Business ethics
Ethics and the corporate culture
Different ethical positions
International business ethics
International efforts to improve business ethics
Ecological/environmental issues
Global warming, carbon footprint and tradable permits
Useful websites
Useful key texts
Other texts and sources
Case studies
6.1 The Body Shop
6.2 Ethics and profits
6.3 Bribery and international business
6.4 US groups in ethical standards push
6.5 Taxing and regulating smoking
6.6 Organic farming
6.7 Biofuels subsidies criticised
6.8 Prices no incentive for a clean up
Boxes
6.1 An ethical dilemma
6.2 TI Corruption Perception Index
6.3 Environmental impacts, taxes and regulations
6.4 Stern Report and global warming
6.5 The EU Emissions Trading Scheme
7 International strategic issues
Introduction
Business strategy ideas and concepts
Choice of strategy
Corporate strategy in a global economy
International business and the value chain
International business strategies
International business strategies and political perspectives
Institutional strategies and international business
Techniques for strategic analysis
International operations management and logistical strategies
Useful websites
Useful key texts
Other texts and sources
Case studies
7.1 Strategies in practice
a) Pharmaceutical