GMS 724 Chapter Notes - Chapter 1: Strategic Alliance, Multinational Corporation, International Business

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Howard Lin

Document Summary

Enables us to get more variety, better quality, or lower prices. International business consists of all commercial transactions between two or more countries. The goal of private business is to make profits: government business may or may not be motivated by profit. International business: all commercial transactions, including sales, investment, and transportation, that take place between two or more countries: managers need to approach their operating strategies from an international standpoint. Most companies either are international or compete with international. Modes of operations may differ from those used domestically. The best way of conducting business may differ by country. An understanding helps you make better career decisions. An understanding helps you decide what governmental policies support. The conduct of a company"s international operations depends on two factors: its objectives and the means by it intends to achieve them. Likewise, its operations affect, and are affected by, two sets of factors: physical and competitive.