Universidad Iberoamericana Administracin de Negocios Internacionales Final Essay Jos Roberto Rodas Martnez

At the beginning of the semester, I had a lot of expectative for this subject, since for me it was the most important one, or at least one of the most important ones of my career. I strongly believe that my abilities as a more comprehensive and analytic person have increased due to having this class, since we reviewed what the world is today, where it is going and how it will be going. I will give a little of a theorical explanation of what International business are from what I have learned. International business is a term used to describe topics relating to the operations of interests in multiple countries. This interests, belong to transnational companies, such are sometimes called multinational corporations. Well known companies that enter in this range, include fast food companies McDonald's and Yum Brands, vehicle manufacturers such as General Motors and Toyota, consumer electronics companies like LG and Sony, and energy companies such as ExxonMobil and BP. Most of the largest corporations operate in multiple national markets. The areas of study within this topic included differences in legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign exchange, tariffs, import and export regulations, trade agreements, climate, education and many more topics. Each of these factors requires significant changes in how individual business units operate from one country to the next. Large companies almost every time have subsidiaries or joint-ventures in each national market. How these companies are organized, how they operate, and their lines of business are heavily influenced by socio-cultural, political, global, economic and legal environments of each country a firm does business in. The management of the parent company typically must incorporate all the legal restrictions of the home company into the management of companies in based in very different legal and cultural frameworks. International treaties, such as the Basel Accords, the World Trade Organization, and the Kyoto Protocol often seek to provide a uniform framework for how business should be influenced between signatory states. One of the many ways a country can have a new company enter its market is by FDA, which makes business and investment rather easy even though international business are too much complicated. International business by its nature is what I would call a determinant of international trade. One of the results on the increasing success of international business is the globalization.

Now that I have explained what the subject was about, in the theory, now I can take on a real world case, like the international economy going down, or having to open a major company in a foreign country, and that is what would actually make international business what they are. What I have learned and what I know now is what I consider to be invaluable information, because now I have a more globalized point of view and can solve complex problems regardless the neither country nor situation, and I will resume this semester in three obvious pints, because I can now: Easily explain the elements necessary for the development of free trade, based on the analysis of the negotiations in Mexico for the formation of the current treaties. I also have some notion in the development of strategies, structures and components of international business at a company. And can identify the different environments for the planning of business at international level.