international business, is it indispensable?
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need for international business. IMBA,Utkal University,BBSR.TRANSCRIPT
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INTERNATIONAL BUSINESS:
Is It Indispensable?
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4th YEAR IMBA
DEPT OF BUSINESS ADMN.,
UTKAL UNIVERSITY,
BBSR,
ODISHA, INDIA.
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Sl.
No.
Name
1 Bhavna Chand
2 Disha Ray
3 Lizarani Samal
4 Pitabas Nayak
5 Ruchismita Swain
6 Smarak Ray
7 Susmita Sahoo
8 Ritu Nanda
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If you are not thinking
international,
you are not thinking
business management
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1. Introduction
2. Definition
3. Globalisation of IB
4. IB: is it indispensable?
5. Need of IB
6. IB: In Everyday Life
7. Importance of IB
8. 6 reasons to go International
9. Uses of IB
10. Some indispensable factors to accelerate IB growth
11. Motives behind IB expansion
12. Effects of IB
13. Advantages of IB
14. Conclusion
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BUSINESS
• Any activity that seeks profit by providing goods or services to others
INTERNATIONAL BUSINESS
• Any activity involving business operations across national borders
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International Business consists of transactions
that are devised and carried out across
national borders to satisfy the objectives of
individuals, companies, and organizations.
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1. Technology is expanding, especially in transportation and
communication.
2. Government is removing international business restrictions.
3. Customers want to know about foreign goods and services.
4. Competition has become more global.
5. Political relationships have improved among some major
economic powers.
6. Countries cooperate more on transnational issues.
7. Cross-national cooperation and agreements.
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Almost every large organization you work
for, has international operations and is affected
by the global economy. So, we need to
understand this vital area.
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• Failure of organizations in global market results
in economic downfall and a deteriorating
standard of living in an economy.
• More and more firms around the world are
going to global platform, including:
–Manufacturing firms
–Service companies (i.e. banks, insurance,
consulting firms)
–Art, film, and music companies
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CATEGORY PRODUCT ORIGIN
Tooth-paste United States
Food product Switzerland
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CATEGORY PRODUCT ORIGIN
Beauty
ProductsUS, UK
Mobile
PhonesSouth Korea
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CATEGORY PRODUCT ORIGIN
TV South Korea
Laptop US
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CATEGORY PRODUCT ORIGIN
Motor cycle Japan
Shoes Hungary
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1. Acquires more sales
2. Opens new opportunities
3. Gives new technologies
4. Utilizes the resources
5. Provides quality products
6. Helps in earning foreign exchange
7. Acquires investment in infrastructure
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1. Increase Sales
2. Improve Profit
3. Increase Innovation
4. Education
5. Competitive Strife
6. Government Incentives
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Education
Politics
Social
Environmental
Business
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Define your goals and sector in which you want to
excel internationally
Do not worry you are not alone; try to secure
relevant guidance
Formulate a well thought and delved market entry
strategy
Concentrate on the effective marketing and optimum
utilization
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• Marketing opportunities due to life cycles
• Uniqueness of product & service
Market-seeking motives
• Profitability
• Achieving economies of scale
• Spreading R&D costs
Economic motives
• Growth
• Risk spread
Strategic motives
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International business:–Causes the flow of ideas, services, and capitalacross the world.–Offers consumers new choices.–Permits the acquisition of a wider variety ofproducts.–Facilitates the mobility of labor, capital, andtechnology.–Provides challenging employment opportunities.–Reallocates resources, makes preferentialchoices, and shifts activities to a global level.
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Job Creation
Attracting Investment
New Technology and Material
Diverse Products and Services
Product Flexibility
Less Competition
Protection From National Trends and Events
Learning New Methods
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With the dawn of globalisation, International
Business is becoming increasingly popular.
Multinational Organisations are among the most
profitable in the world. Globalisation is the main
reason why International Business is running
successfully today. Without it we can’t even think of
competing with other nations. Hence, it is
indispensable.
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