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Definitions of international business: Those business activities that involve the crossing of national boundaries; these include: 1.

Import & export of commodities & manufactured goods. 2. Investments in capital in manufacturing, extractive, agricultural transportation & communication assets. 3. Supervision of employees in different countries. 4. Investment in international services, like banking, advertising, tourism, retailing & construction. 5. Transactions involving copyrights, patents, trademarks & process technology. All of these activities can take place between individuals, farms, other public & private bodies. *Forces of change impacting organization environment: 1. Technological revolutions. 2. Heavy competition. 3. Record number of mergers, acquisition, divestitures, buy outs, joint ventures, and business start ups and failures. 4. Consumer demand for services and products having more options and superior quality. 5. Globalization of financing business. 6. Labor force demand for more involvement, discretion, and appreciation; increases in the number of two wage farm families. 7. Public call for less taxes and government control; demands for higher level of services and responsiveness. *The business challenge; #change in the market - occur faster than ever before. - come from more sources than ever before. -have a more radical impact than ever before. #force companies too fundamentally -change the way they think about the business. -change the way they run the business. *The rule of balance: Environment: level of *outside turbulence. *speed of change. ->Capacity to *react. *ability to adapt. > Flexibility

even if only in the farm of export & import activities. Taiwan. The move of Russia & other countries of the ex-Soviet Union & Eastern Europe toward market economies. Public policy issues are often related to international trade. Many small & medium sized farms are also involved internationally. 1. 5. investment & finance. Continued efforts with results showing in many Latin American countries to develop the economic potential of these geographic regions. no country today can afford to neglect the foreign sector when drawing up its economic policies. The potential of a United States-Canada-Mexico free trade region through the NAFTA. 2. 2. 7. of Malaysia. Economic progress among less developed nations such as India. The continued economic power of Japan in the Pacific Rim even though it is no longer appears to the invincible (Yen Zone). The newly emerging South East Asian Countries. 3. The renewed progress of China as well as the established Four Tigers (Hong Kong. Indonesia & even Vietnam (ASEAN). Almost all of the large enterprises in develop countries are international in character. Thailand. 6. 4. 4. *Dimensions of international business. South Korea & Singapore). 3. Competitive environments are typically industry specific & industries today are very often competitive internationally. *Why studying IB? 1. The emergence of the European Community as a potential fully functioning economic union. 8. .*Internationalization Trend: 1. Developing operating strategies >Responsive to business >integrating functional and country specific strategies >flexible feedback and evaluative mechanisms. Chili & Argentina. albeit with volatility. Purpose >maximizing overall profit > lowering overall risk -situations in host country >Technology impacts > Functional impacts >competitive impacts >environment impacts >political impacts 2.