IBUS3309 Chapter Notes - Chapter 1-2: Central Asia, Economic Integration, Collectivism
Document Summary
Week 1: readings chapter 1 and chapter 2. Introduction: definitions, management= process of completing activities efficiently and effectively with and through other people. International management= process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political and cultural environments. International business is not a new phenomenon, but the volume has increased: globalisation, anti-globalisation, and global pressures for change, globalisation= the process of social, political, economic, cultural, technological integration among countries around the world, distinct from internationalisation. Individuals in established markets will strive for better education and training to be prepared: large amounts of capital flowing into underdeveloped nations, stimulating growth and development. India: has been the beneficiary of significant foreign investment: services such as it and software, however the infrastructure issues make it hard for companies to expand into the country. The elimination of tariffs as well as important export quotas.
