MANAGING AN INTERNATIONAL

BUSINESS
BY:
MOHIT DHAWAN

INTRODUCTION TO INTERNATIONAL
BUSINESS

CLASS DISCUSSION
Tuesday, August 26, 2014
RESULT:-


NO UNIVERSALLY ACCEPTED
DEFINATION
Tuesday, August 26, 2014
Some Suitable Explanations
Some people define IB as an organization that
buys and/or sells goods & services across two
or more countries.
Some other consider it as big enterprises
which have operating units outside their
home country.
Still others consider as joint ventures with
locally owned business.
Tuesday, August 26, 2014
IB Class Discussion cont
Operates in highly uncertain environment.
Rules are often ambiguous, contradictory &
changing rapidly.
Regular upgradation of managerial skills.
Managers should incorporate global
perspective.
Should explicitly define their guiding
principles.
Tuesday, August 26, 2014
IB Class Discussion cont
Awareness of major issues in IB.
Sensitivity to cultures.
Tuesday, August 26, 2014
Motives of IB
Helps spreading commercial risk.
Increase in overall sales.
Survival
Helps exploring new ideas.
Helps to harness the economics of scope.
Tuesday, August 26, 2014
Difficulties in IB
CLASS DISCUSSION

What you think?
Tuesday, August 26, 2014
Difficulties discussed
Political & Legal Differences.
Cultural differences.
Language difference
Currency difference
Trade restrictions.
Different trade practices.
Tuesday, August 26, 2014
Questions to be answered:
Q. Define IB & discuss its scope?
Q. Various motives of IB?
Tuesday, August 26, 2014