MGMT1101 Lecture Notes - Lecture 1: Joint Venture, Protectionism, Change Impact Analysis
4 Mar 2019
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Document Summary
International business consists of all commercial transactions that take place between two or more countries. International business refers to business activities that straddle two or more countries. Multinational enterprise (mne) is any business that has productive activities in two or more countries. Transaction: trade of values between two parties (buyer and seller); intermediates also often involved. Denote sovereignty (political and legal boundaries; the nation-state system) States and nations do not always coincide. The nation-state is a modern invention and myth . Most economic transactions take place within borders. Borders are both psychological, social and physical. As the world shifts towards a truly integrated global economy, more firms, both large and small, are becoming international businesses. Free trade agreements (e. g. between korea and australia) Managers need to understand the contexts within which they operate in order to evaluate opportunities and risks, to make decisions and to take action. Religious vs. non-religious (e. g. mcdonald"s in india)
