International Business: Competing in the Global Market Place

Social Science Research Network, 2021

The global economy's downturn was slower than previously regarding world economic growth, trade tensions, monetary policy tightening, and the crisis from the COVID-19 outbreak. Such negative factors affect the export, tourism industries, and all sectors lead to a fall in consumer trust. All businesses must control their business model and adapt to shifts in political, economic, management, cultural factors, evolving customer preferences, and technological innovation as its competitive advantage in local and global businesses. The political will impact both risks and opportunities to the global economy. A threat is such a tariff that blocks the purchase. The economic downturn harms corporate practices regarding diminished buying power and low wages and implications for a decision to grow a global business. Different cultures, languages, ethnicities, religions, national work systems, values, and standards affect global business expansion. Many companies require attention from all participants, not only for organizational culture-employee behaviors but also for customers and stakeholder satisfaction regarding its management. Therefore, the effect of all participants on its operation, both local and global businesses. This review article focuses on the worldwide economy, globalization, and the global market.

2018

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International organisations are resource systems continuously interacting with their environment -a source of opportunity, threat and constraint. The environment provides the organisation with a purpose, and shapes its mission and goals. It governs what the organisation will do (activities) and how it will do it. An understanding of both external and internal environments (chapter 1), the requirements of significant stakeholders and the preferences and senior decision-makers shape the organisational strategy -where and how to compete, and the identification and application of required resources. In chapter two we consider how strategy is developed and implemented. The chapter (international and global strategy) seeks to answer fundamental questions such as: in which markets and geographical areas will we compete, how will we compete and what resources and capabilities do we require. Strategy is concerned with how the international organisation achieves its aims and goals. Stakeholders, other than investors, must be considered when formulating strategy and conducting business activities. In chapter three we consider how organisations can behave responsibly when operating worldwide. Once strategy has been formed or strategic decisions made, changes must take place. Change is necessary in a dynamic environment and various theories of change are explored in chapter four. We explore what can be changed and how the international Organisation can accomplish change. Finally, in chapter five we recognise the role of leaders and managers in strategy, ethical and change management and

MPRA Paper, 2008

În condiţiile lumii contemporane, participarea activă la diviziunea internaţională a muncii reprezintă o componentă esenţială a procesului de dezvoltare a fiecărei ţări. În acest context comerţul exterior, ca ramură distinctă a economiei naţionale, reprezintă un factor important al creşterii economice determinat de internaţionalizarea afacerilor şi determinant pentru procesul de globalizare. Pornind de la convingerea că dezvoltarea afacerilor internaţionale tinde să devină o condiţie de existenţă a firmelor, indiferent de mărimea sau domeniul de activitate, în prezenta lucrare voi aborda aspecte teoretice privind globalizarea economiei şi internaţionalizarea afacerilor precum şi corespondenţa dintre stadiile internaţionalizării şi formele tranzacţiilor internaţionale. Cuvinte cheie: globalizarea economiei, evoluţia societăţii contemporane, economia mondială 1. Introducere În condiţiile lumii contemporane, participarea activă la diviziunea internaţională a muncii reprezintă o componentă esenţială a procesului de dezvoltare a fiecărei ţări. În acest context comerţul exterior, ca ramură distinctă a economiei naţionale, reprezintă un factor important al creşterii economice determinat de internaţionalizarea afacerilor şi determinant pentru procesul de globalizare. Dezvoltarea afacerilor internaţionale tinde să devină o condiţie de existenţă a firmelor, indiferent de mărime sau domeniu ECONOMY GLOBALIZATION AND INTERNATIONALIZATION OF BUSINESS

Invictus, 2024

This chapter delves into the multifaceted domain of international business by analyzing case studies illuminating the successes, challenges, and lessons learned from global operations. It explores the critical factors influencing international expansion, including cultural adaptation, regulatory compliance, strategic innovation, and risk management. By dissecting real-world examples, the chapter highlights how businesses navigate geopolitical risks, market crises, and technological disruptions while capitalizing on growth opportunities. Key themes include the importance of resilience and adaptability in addressing global market challenges, the role of leadership and organizational culture in fostering innovation, and the necessity of balancing global integration with local responsiveness. Success stories of market pioneers and failures due to strategic missteps are juxtaposed to provide a holistic understanding of global business dynamics. This analysis equips readers with actionable insights into crafting sustainable and effective strategies in international markets, fostering a deeper appreciation of the complexities and opportunities in the global business environment. The chapter ultimately serves as a guide for practitioners, scholars, and policymakers aiming to thrive in an interconnected and ever-evolving global economy.

The strategy making process begins as industry and company analyses are brought into the corporate planning process. In this most important part of the management processes, corporate missions, assets, and competencies are reviewed, and businesses and market strengths and weaknesses are assessed. From these evaluations, companies prepare to internationalize their operations or, if they are seasoned campaigners, to integrate their activities globally. These processes ensure that firms have the appropriate organizations and managerial talent to cope with the rigors of extending businesses over increasing numbers of markets, and to ensure that personnel, corporate processes, and organizational structures are matched to industry, business, and market needs. Once internal analyses are complete, firms review and evaluate their choices of market entry and servicing strategies.

Economic Research-Ekonomska Istraživanja, 2011

isara solutions, 2019

The rise in competition globally on the one hand, and the rapid development of information and communication technologies on the other hand, are forcing the organizations to change the way they operate. Almost all trading and business activities including banking can be done online. This trend gives a lot of advantages both to consumers and business organizations. With many viewing the process of globalization as a crucial engine of growth which resulted in unprecedented gains in the welfare of human, many too has opposite views of the impact of globalization on poverty, income inequality, religion, e-business etc. This paper has make an attempt to discover and understand some of the elements which must be addressed and need to be eliminated