Download - Ib chapter1slides
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InternationalBusinessChapter1
We live in a Global Economy
Objectives:
Distinguish between domestic
and International business.
Discuss the reasons why international
Business is important
Understand that international trade is
not just a recent event
[P.8-25]
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The Foundation of International Business
InternationalBusinessChapter1-1
Global Domestic
International
Key Words
Objectives:
Distinguish between domestic
and International business.
Discuss the reasons why international
Business is important
Understand that international trade is
not just a recent event
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Coffee we drink
Toys for our kids
The Oil to make gasoline
The cars we drive
Cotton for clothing
[we buy]
InternationalBusinessChapter1-1
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Computers
Soy beans
Cars
Corn
Civilian aircrafts
[we sell]
InternationalBusinessChapter1-1
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•The exchange of products and services among countries.
•Transactions that are carried out across national borders to satisfy the objectives of individuals and organizations.
InternationalBusinessChapter1-1
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InternationalBusiness
Trade
Materials
Parts
Finished products
Services
Resources
Knowledge
Chapter1-1
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InternationalBusinessChapter1-1
•Places where consumer incomes and buying power are increasing because of an economic expansion.
Indonesia
Poland
Chile
Turkey
South
Africa
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No more than 2 pages. Please use Arial 12.
History of International Business TIMELINE
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• The need of certain products and services rely on the capacity of different countries to be covered.
• When circumstances oblige the use of imported products or services.
InternationalBusinessChapter1
Energy8
MillionJobs
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•When the country cannot produce enough for its population.
• When the climate, geography or nature are obstacles to get products or services when needed.
InternationalBusinessChapter1
Food
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Domestic trade or Internal trade is the exchange of goods, services, and capital within a sovereign state's borders or territories.
USA has the larges domestic business of the world.
At least 189 domestic US companies are GLOBAL
InternationalBusinessChapter1
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InternationalBusinessChapter1
30.000 restaurants, 120 countries, different menus.
Insurance company with 14,000 employees.
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InternationalBusinessChapter1
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How are you affected by international business?
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How are you affected by IB?
IB Technology Politics History
What happens
when new technology
creates employment
What happens when a
government change the
rules
How historical events
influence trade among
countries
We are all part of the IB
strategy!
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The Foundation of International Business
InternationalBusinessChapter1-2
Rules Culture
trade
Key Words
Objectives:
Describe basic IB activities
Explain the components of the IB
environment
Importance of IB
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InternationalBusinessChapter1-2
One can import/export tangible or non tangible goods, services, and even people.
An import/export of a good occurs when there is a change of ownership from and International port to a domestic port.
PRODUCTS OR SERVICES BROUGHT TO PORT
Korea exports to USA
USA imports from Korea
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InternationalBusinessChapter1-2
Balance of Trade
When the country exports more than imports
When the country imports more and exports less
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InternationalBusinessChapter1-2
Embargo
Language *Natpe TV
Imported steel (2002)
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InternationalBusinessChapter1-2International Business Environment
EconomyEconomy
Political& LegalFactors
Political& LegalFactors
Cultural &Social
Factors
Cultural &Social
Factors
GeographicConditions
GeographicConditions
IBEnvironment
IBEnvironment
Climate, terrain, seaways, natural resources, agricultural products
Language, Education, religion, values and customs, social relationships
System, educational level, technology, industries
Government, stability, IB policies
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InternationalBusinessChapter1-2International Business Environment
GeographicConditions
GeographicConditions
IBEnvironment
IBEnvironment
Doesn’t have a seaport
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InternationalBusinessChapter1-2International Business Environment
Cultural &Social
Factors
Cultural &Social
Factors
IBEnvironment
IBEnvironment
Don’t like to do business with a woman
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InternationalBusinessChapter1-2International Business Environment
Political& LegalFactors
Political& LegalFactors
IBEnvironment
IBEnvironment
Chavez changes his mind everyday!
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InternationalBusinessChapter1-2International Business Environment
EconomyEconomy
IBEnvironment
IBEnvironment
Mali literacy rate is the lowest
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Evert country has their own...
1. Some people expect a present
2. Some companies expect a dinner together
3. Others won´t accept anything
ETC
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InternationalBusinessChapter1-2
The Global Business World
History knowledge
Geography
Foreign languague
Cultural awareness
Study a lot
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InternationalBusinessChapter1-2
The Global Business World
International Business change the life of the people:
Different products, more quantity
Career choices
Cultural exchange...
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InternationalBusinessChapter1-2
The Global Business World