IB 201 Chapter Notes - Chapter 1: Disaster Recovery Plan, Multinational Corporation, Digital Security
29 Sep 2016
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International business commercial transaction that crosses the borders of two or more nations. Imports goods and services purchased abroad and brought into a country. Exports goods and services sold abroad and sent out of a country. The 3 vs of globalization: volume, velocity, visibility. Multinational corporation(mnc) business that has direct investments abroad in multiple countries. Generate significant jobs, investment, and tax revenue, for the regions and nations they enter. Can leave thousands of people out of work when they close or scale back operations. Mergers and acquisitions between multinationals are commonly worth billions of dollars and increasingly involve businesses in emerging markets. Born global firm company that adopts a global perspective and engages in international business from or near its inception. Tend to have innovative cultures and knowledge-based organizational capabilities. Small firms selling traditional products benefit from technology that lowers the costs and difficulties of global communication.
