Management > International Business Management > Introduction
Meaning of International Business
- What is International Business?
- Scope of International Business Activities
- Reasons for International Business
- Objects of International Business
Features of International Business
- Large Scale Operations
- Heterogenous Market
- Keen Competition
- International Restrictions
- Different Policies and Different Currency, etc.
Comparative Study of International Business and Domestic Business
- Characteristics of Domestic Business
- Characteristics of International Business
Advantages of International Business
- Low-Cost Production
- Earning of Foreign Exchange
- Efficient Use of Resources
- Employment Generation
- Increase in Skill Level, etc.
Disadvantages of International Business
- Development of Domestic Industry
- Economic Dependence
- Widening Trade gap
- Over Utilization of Natural Resources
- Political Risk, etc.
Factors Affecting International Business
- Influence of Politics and Protectionism
- Legal and Regulatory Framework
- Lengthy Legal Procedures
- Inflation
- Balance of payment Position, etc.
Drivers of International Business
- Limited Home Markets
- Excess of Production
- Global Market Place
- Emerging Market
- Higher Profit Margin, etc.
Forms of International Business
- Export
- Licensing
- Franchising
- Joint Venture
- Strategic Alliance
- Management Contracts
- Contract Marketing
- Foreign Direct Investment (FDI)
- Wholly Owned Subsidiary
- Take Over
- Merger and Amalgamation
- Turn-Key Projects
Transformation of Business: Domestic to Global