1: Introduction
- Page ID
- 16651
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\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)- 1.1: Chapter Introduction
- This page discusses the significance of international business for various stakeholders and explores globalization versus national differences. A case study on Google's entry into China highlights the ethical dilemmas of operating under strict censorship laws, culminating in Google's 2010 decision to cease censorship after a cyberattack targeting activists.
- 1.2: What Is International Business?
- This page discusses international business as cross-border exchanges influenced by globalization, encompassing financial and non-financial transactions. It highlights strategic management's role in developing effective strategies using tools like SWOT analysis to improve performance. Additionally, it emphasizes entrepreneurship's importance in recognizing opportunities and driving innovation.
- 1.3: Who Is Interested in International Business?
- This page highlights the significance of stakeholder analysis in international business, identifying how various individuals and organizations influence business outcomes. It cites examples like Google, which faces diverse international challenges including regulations and labor issues.
- 1.4: What Forms Do International Businesses Take?
- This page discusses the various forms of international businesses, including exporters and importers, and their roles in cross-border commerce for profit. It highlights the concept of foreign direct investments and the balance between local responsiveness and global efficiency. Additionally, it acknowledges the impact of governments and NGOs through treaties, policies, and humanitarian efforts, illustrating the complexities of global commerce.
- 1.5: The Globalization Debate
- This page explores the globalization debate, contrasting Thomas Friedman's flat-world perspective, which emphasizes technological connectivity and opportunities, with Pankaj Ghemawat's multidomestic view focusing on cultural, administrative, geographic, and economic barriers. It outlines Friedman's three stages of globalization and highlights the impacts of outsourcing and technological advancements on global commerce.
- 1.6: Ethics and International Business
- This page emphasizes the significance of ethics in business and international contexts, presenting a decision-making framework for ethical choices. It addresses the complexities of establishing universal ethical standards and clarifies common misconceptions about ethics, differentiating it from feelings, religion, law, cultural norms, and science. The text advocates for a comprehensive understanding of national contexts and ethical frameworks in business practices.
- 1.7: End-of-Chapter Questions and Exercises
- This page includes exercises designed to align knowledge with AACSB International standards, emphasizing communication, ethical reasoning, and analytical skills. It features scenarios like advising on exporting alfalfa pellets, launching an international business club, and creating a YouTube video for business awareness. Ethical dilemmas, such as contrasting gift-giving practices in Japan and the U.S., are explored to assess their impact on competitive advantages in international business.