International Business - Amazon S3

1 International BusinessInternational BusinessLumen LearningDeveloped in Conjunction with Linda Williams, Tidewater Community CollegeCover Photo: Image of Shanghai, by Haley, , 1: It's a Small WorldModule 1: It's a Small Discussion Post: Self Reading: What is International Business ?..2 Video: Globalization Video: Miniature Assignment: Going Global, Alfalfa for 2: Trade Theory, from Mercantilism to Free TradeModule 2: Trade Theory, from Mercantilism to Free Reading: Why Trade?..6 Video: Comparative Advantage and Reading: Competitive Reading: Absolute Video: Porter's National Diamond Framework Assignment: The "Trader Ruler Game"..12 Module 3: Different Strokes .. Political and Economic Systems Around the GlobeModule 3: Different Strokes.

2 Political and Economic Systems Around the Video: Economic Reading: Reading: Capitalism in the Reading: Socialism and Planned Reading: The Benefits of Reading: The Disadvantages of Reading: The Communist Economic Reading: The Benefits of Reading: The Disadvantages of Reading: Mixed Reading: The Benefits of Mixed Reading: The Disadvantages of Mixed Assignment: WRITTEN ASSIGNMENT: "Forever Bright" - Exporting and Economic/Political 4: "That's Not How We do it Back Home".. Cultural Systems Around the GlobeModule 4: "That's Not How We do it Back Home".. Cultural Systems Around the Reading: Dunkin' Brands - Dunkin' Donuts and Baskin-Robbins - Making Local Discussion Assignment: Dunkin' Brands - Dunkin' Donuts and Baskin-Robbins - Making Local 5: Ignorance of the Law is No Excuse: Ethical and Legal Issues in Global BusinessModule 5: Ignorance of the Law is No Excuse: Ethical and Legal Issues in Global Reading: Global Business Video: Lessons About Trust Learned from Assignment: Corruption Perception and Global 6: Is "Free Trade" Really Free?

3 The Political Challenges of Operating in a GlobalModule 6: Is "Free Trade" Really Free? The Political Challenges of Operating in a Video: Types of Trade Reading: International Economic Cooperation among Reading: International Trade Assignment: Barriers to International 7: "Got NAFTA?" .. Regional Economic IntegrationModule 7: "Got NAFTA?" .. Regional Economic Video: EU Reading: Common Reading: Reading: European Reading: Assignment: Regional WTO Regional Trade Agreement 8: How Many Euros to the Dollar? Exploring Foreign Exchange MarketsModule 8: How Many Euros to the Dollar? Exploring Foreign Exchange Reading: What is the International Monetary Video: What is the World Bank?..99 Video: About the Video: Fixed vs. Floating Exchange 9: Does the World Bank have an ATM?

4 Understanding the International MonetaryModule 9: Does the World Bank have an ATM? Understanding the International Video: Exchange Assignment: The "Big Mac" XE Currency 10: Buying a "Big Mac" in London: Foreign Direct InvestmentModule 10: Buying a "Big Mac" in London: Foreign Direct Reading: Foreign Direct Assignment: The World of Foreign Direct OCED 11: I'm from the IMF and I'm Here to Help: Global Organizations for GlobalModule 11: I'm from the IMF and I'm Here to Help: Global Organizations for Video: Reading: What Is the Role of the IMF and the World Bank?..109 Reading: IMF and the World Bank: How Do They Differ?..118 Websites: IMF and World Assignment: Global Organizations: The IMF & World 12: A Game Plan for "Going Global".

5 Developing a Corporate StrategyModule 12: A Game Plan for "Going Global" .. Developing a Corporate Video: International Global Business Reading: International 13: How do you get from "Here" to "There" .. Strategies for Entering ForeignModule 13: How do you get from "Here" to "There" .. Strategies for Entering Reading: Multinational Reading: Joint Reading: Contract Reading: Reading: Assignment: Strategies for Entering Foreign 14: Getting a Widget to Timbuktu: The Logistics of Global BusinessModule 14: Getting a Widget to Timbuktu: The Logistics of Global Reading: Importing and Exporting, and Global Reading: Global Production and Supply-Chain Video: Made in Video: Using Logistics to Go Video: Business of offshoring and Assignment: Position Paper: Offshoring - Pro or Con?

6 161 Module 15: Erecting a Billboard in Tiananmen Square: Global MarketingModule 15: Erecting a Billboard in Tiananmen Square: Global Reading: The Relationship between Product and Reading: Changes in Reading: Changes in Assignment: It's a Small Ad After 1: IT'S A SMALL WORLDOVERVIEWThis week we will begin our semester long journey into the world of International Business with a look at theglobalization of Business . After reading/viewing the module content you will complete your first writtenassignment. Everything that you need to successfully complete this assignment is located in the ModuleAssessments folder, but if you have questions please just ask!LEARNING OUTCOMESLEARNING OUTCOMESA fter you complete the required assignments you will be able to: Understand what is meant by Global Business Describe the general International Business environment Identify potential impacts of globalization on Business operationsLicensing & AttributionsLicensing & AttributionsCC licensed content, OriginalCC licensed content, Original International byAuthored by: Linda byProvided by: Tidewater Community atLocated at: : Z Degree :CC BY: AttributionDISCUSSION POST: SELF INTRODUCTIONP lease begin by posting to the Discussion Forum where you will introduce yourself to your classmates.

7 Please besure to meet the deadlines defined in : You are so amazed and intrigued by the subject of International Business that you decide tochange your major from general Business Administration to International Business . It is highly likely that yourdegree in International Business will provide you the opportunity to work in almost any country in the you have now graduated and are offered the dream job as the manager for the International division ofa company .. your new company looks at you and asks you to select WHERE IN THE WORLD you would like towork. The only thing you have to do in order to get the location of your dreams is tell them not just WHERE, butWHY ..Be sure to post your response as well as respond to at least TWO of your classmates by the deadlines indicatedin & AttributionsLicensing & AttributionsCC licensed content, OriginalCC licensed content, Original International Business introduction byAuthored by: Linda byProvided by: Tidewater Community atLocated at: : Z Degree :CC BY: AttributionLumen Learning authored contentLumen Learning authored content LicenseLicense:Public Domain: No Known CopyrightREADING: WHAT IS International Business ?

8 LEARNING OBJECTIVESLEARNING OBJECTIVESBy the end of this section, you will be able to: Know the definition of International Business . Comprehend how strategic management is related to International Business . Understand how entrepreneurship is related to International Definition of International BusinessThe Definition of International BusinessInternational Business relates to any situation where the production or distribution of goods or services crossescountry borders. Globalization the shift toward a more interdependent and integrated global economy createsgreater opportunities for International Business . Such globalization can take place in terms of markets, wheretrade barriers are falling and buyer preferences are changing. It can also be seen in terms of production, where acompany can source goods and services easily from other countries.

9 Some managers consider the definition ofinternational Business to relate purely to Business , as suggested in the Google case. However, a broaderdefinition of International Business may serve you better both personally and professionally in a world that hasmoved beyond simple industrial production. International Business encompasses a full range of cross-borderexchanges of goods, services, or resources between two or more nations. These exchanges can go beyond theexchange of money for physical goods to include International transfers of other resources, such as people,intellectual property ( , patents, copyrights, brand trademarks, and data), and contractual assets or liabilities( , the right to use some foreign asset, provide some future service to foreign customers, or execute a complexfinancial instrument).

10 The entities involved in International Business range from large multinational firms withthousands of employees doing Business in many countries around the world to a small one-person companyacting as an importer or exporter. This broader definition of International Business also encompasses for-profitborder-crossing transactions as well as transactions motivated by nonfinancial gains ( , triple bottom line,corporate social responsibility, and political favor) that affect a Business s Management and EntrepreneurshipStrategic Management and EntrepreneurshipA knowledge of both strategic management and entrepreneurship will enhance your understanding ofinternational Business . Strategic management is the body of knowledge that answers questions about thedevelopment and implementation of good strategies and is mainly concerned with the determinants of firmperformance.