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  • Part 1: Introduction: Chapter 1: Overview of International Business and Globalization

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    Gul Afshan
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    The document provides an introduction to international business and globalization. It defines globalization as the widening set of interdependent relationships among people from different parts of the world. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. Globalization and international business affect each other - as globalization increases the interconnectedness of countries, it provides more opportunities for international business, while growth in international business further drives globalization. The document discusses how globalization creates the operating environment and competitive factors that shape business strategies and objectives.

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    Ch1-1

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    The document provides an introduction to international business and globalization. It defines globalization as the widening set of interdependent relationships among people from different parts of the world. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. Globalization and international business affect each other - as globalization increases the interconnectedness of countries, it provides more opportunities for international business, while growth in international business further drives globalization. The document discusses how globalization creates the operating environment and competitive factors that shape business strategies and objectives.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views11 pages

    Part 1: Introduction: Chapter 1: Overview of International Business and Globalization

    Uploaded by

    Gul Afshan
    The document provides an introduction to international business and globalization. It defines globalization as the widening set of interdependent relationships among people from different parts of the world. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. Globalization and international business affect each other - as globalization increases the interconnectedness of countries, it provides more opportunities for international business, while growth in international business further drives globalization. The document discusses how globalization creates the operating environment and competitive factors that shape business strategies and objectives.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    Part 1: Introduction

    CHAPTER 1: OVERVIEW OF INTERNATIONAL BUSINESS AND


    GLOBALIZATION
    “ ٰ
    ‫سبحنک ال علم لنا اال ما علمتنا‬
    “Sanctity is attributable to Thee
    alone; we cherish no knowledge
    save for what Thou have Bestowed
    upon us”
    ”
    AL-QURAN (2:32)
    Define globalization and international business and explain
    how they affect each other

    Grasp why companies engage in international business and


    why its growth has accelerated

    Learning Discuss globalization’s future and the major criticisms of it


    Objectives
    Illustrate the different ways a company can accomplish its
    global objectives

    Recognize the need to apply social science disciplines to


    understand how international and domestic business differ
    What is Society &

    Globalization? Culture

    Globalization refers to the


    widening set of interdependent
    relationships among people from Govt. &
    different parts of a world that Environment Globalization Legislature
    happens to be divided into nations

    Economy
    What is International Business

    Internationalbusiness refers to the trade of goods, services, technology, capital and/or


    knowledge across national borders and at a global or transnational scale. (Wikipedia)
    What is the Relationship of International Business and Globalization?
    Co-dependence of IB and Globalization

    International
    Business

    Globalization
    Globalization & Business

    Business Operating Environment

    • Sales Expansion • Political & Legal Factors


    •
    Physical & •
    Objectives Resource Acquisition
    Social Factors
    Cultural Factors
    • Risk Minimization • Economic Forces
    Globali
    • Marketing Strategy
    zation
    • Market Competition
    • HR Strategy Competitive
    Strategy • Company Resources &
    • Financial Planning Factors Experience
    • Management Style
    Increased application of Technology

    Liberalization of Resource Movement

    Development of Supportive Services


    Factors Driving
    Growth of Consumer Pressures
    Globalization
    Increase in Global Competition

    Changes in Political Situation

    Cross-national Cooperation
    Threats to National Sovereignty

    • Effectiveness of Local Objectives & Policies


    • Over economic dependence
    • Cultural Identity

    Adverse
    Impacts of Environmental Stress
    Globalization
    Income Inequalities

    Personal Stress
    Thank you for your participation

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