International Business ISE

Name: International Business ISE
Price: 5150 ISK
Availability: InStock
Author: Michael Geringer; Grigorios Livanis; Jeanne McNett
ISBN: 9781265713287

Höfundar: Michael Geringer; Grigorios Livanis; Jeanne McNett (Útgáfa: 4)

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International Business empowers students to develop their global mindset and is up-to-date, relevant, and engaging! It provides a flexible, modular format for instructors along with student-focused features that make the study of International Business interesting by connecting content to culture to make it personally relevant for every student! Co-author Dr. Grigorios Livanis leveraged his expertise in the areas of international economics, strategy, and finance, and his experience as an award-winning teacher and trainer, into a series of extensive updates of theory, data, and applications throughout.

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Útgefandi: McGraw-Hill Higher Education (International)

ISBN: 9781265713287

Print ISBN: 9781265033101

Format: ePub

Útgáfa: 4

Höfundar: Michael Geringer; Grigorios Livanis; Jeanne McNett

Tungumál: English

Útgefið: 2025-07-01

Prent takmörkun á líftíma: 100

Prent takmörkun: 2

Afritunar takmörkun: 2

Flokkar: Viðskiptafræði

Efnisflokkar: Viðskipti og hagfræði › Almennt

Kaflar

Table of Contents and Preface
Cover Page
Title Page
Copyright Page
Brief Contents
Dedication
About the Authors
J. Michael Geringer
Grigorios Livanis
Jeanne M. McNett
Module Walkthrough
New and Improved Coverage
Module 1: The Challenging Context of International Business
Module 2: International Trade and Investment
Module 3: Sociocultural Forces
Module 4: Sustainability and Natural Resources
Module 5: Political Forces That Affect Global Trade
Module 6: Intellectual Property Rights and Other Legal Forces
Module 7: Economic and Socioeconomic Forces
Module 8: The International Monetary System and Financial Forces
Module 9: International Competitive Strategy
Module 10: Organizational Design and Control
Module 11: Global Leadership Issues and Practices
Module 12: International Markets: Assessment and Entry Modes
Module 13: Marketing Internationally
Module 14: Managing Human Resources in an International Context
Module 15: International Accounting and Financial Management
Bonus Module A: International Institutions from a Business Perspective
Bonus Module B: Export and Import Practices
Bonus Module C: Global Operations and Supply Chain Management
New or Updated Pedagogical Features:
Acknowledgments
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Contents
Module 1: The Challenging Context of International Business
Module 1 Introduction
What Is International Business and What Is Different about It?
THE INFLUENCE OF EXTERNAL AND INTERNAL ENVIRONMENTAL FORCES
THE DOMESTIC ENVIRONMENT
THE FOREIGN ENVIRONMENT
THE INTERNATIONAL ENVIRONMENT
Is Internationalization of Business a New Trend, and Will It Continue?
The Growth of International Firms and International Business
EXPANDING NUMBER OF multiNATIONAL COMPANIES
FOREIGN DIRECT INVESTMENT AND EXPORTING ARE GROWING RAPIDLY
What Is Driving the Internationalization of Business?
TECHNOLOGICAL DRIVERS
MARKET DRIVERS
COST DRIVERS
POLITICAL DRIVERS
COMPETITIVE DRIVERS
What Are the Arguments for and against the Globalization of Business?
CONCERNS WITH GLOBALIZATION
ARGUMENTS SUPPORTING GLOBALIZATION
Summary
Key Terms
Critical Thinking Questions
Research Task
MiniCase
are globalization and technology causing greater inequality?
Notes
Module 2: International Trade and Investment
Module 2 Introduction
International Trade
Volume of International Trade
How Evenly has Trade Grown?
Which Nations Account for the Most Exports and Imports?
Direction of Trade
The Increasing Regionalization of Trade
Major Trading Partners of The United States
Major Trading Partners: Their Relevance for Managers
Explaining Trade: International Trade Theories
Mercantilism
Theory of Absolute Advantage
Theory of Comparative Advantage
How Exchange Rates Can Change the Direction of Trade
OTHER ASSUMPTIONS AND EMPIRICAL EVIDENCE
Some Newer Explanations for the Direction of Trade
Summary of International Trade Theory
Foreign Investment
Portfolio Investment
Foreign Direct Investment (FDI)
Does Trade Lead to Fdi?
Explaining FDI: Theories of International Investment
Monopolistic Advantage Theory
Strategic Behavior Theory
Internalization Theory
Dynamic Capabilities Theory
Eclectic Theory of International Production
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
the legacy of Free trade
Notes
Module 3: Sociocultural Forces
Module 3 Introduction
What Is Culture and Why Is It Important?
Culture Affects All Business Functions
Marketing
Human Resources
Production and Procurement
Accounting and Finance
Preferred Leadership Styles
How Culture Shows Itself
Aesthetics
Religion
Material Culture
Language
Societal Organization
Special Focus: Gift Giving in Business
Culture Frameworks
Hall’s High and Low Context
Kluckhohn and Strodtbeck’s Cultural Orientations Framework
Hofstede’s Six Dimensions of national culture
Trompenaars’s Seven Dimensions of culture
Cultural Tightness vs. Looseness
When Does Culture Matter? The Global Mind-Set
Going Forward: Cultural Paradoxes and a Caution
Rules of Thumb for Managers Doing Business across Cultures
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
Chipotle’s International Expansion: A Cultural Perspective
Notes
Module 4: Sustainability and Natural Resources
Module 4 Introduction
Sustainability in the Business Context
Sustainable Business Models
LIFE CYCLE ASSESSMENT
CRADLE-TO-CRADLE DESIGN
Tools for Measuring and Reporting Sustainability
TRIPLE-BOTTOM-LINE ACCOUNTING
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORTING
THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS
UNITED NATIONS GLOBAL COMPACT
GLOBAL REPORTING INITIATIVE
CARBON DISCLOSURE PROJECT
INTERNATIONAL INTEGRATED REPORTING COUNCIL
FOOTPRINTING
REPORTING SUSTAINABILITY EFFORTS
Characteristics of Environmentally Sustainable Business
LIMITS AS PART OF THE SUSTAINABILITY CONTEXT
INTERDEPENDENCE AS PART OF THE SUSTAINABILITY CONTEXT
EQUITY IN DISTRIBUTION AS PART OF THE SUSTAINABILITY CONTEXT
The Stakeholder Model for Sustainable Business
Geography: Describing Our Natural Capital
LOCATION: POLITICAL AND TRADE RELATIONSHIPS
TOPOGRAPHY
CLIMATE
Natural Resources
NONRENEWABLE ENERGY SOURCES
RENEWABLE ENERGY SOURCES
NONFUEL MINERALS
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
WATER WARS IN THE DESERT: BALANCING PROFIT, SUSTAINABILITY, AND GROWTH IN ARIZONA’S ALFALFA BOOM
Notes
Module 5: Political Forces That Affect Global Trade
Module 5 Introduction
Governments and the Ownership of Business
DIFFERENT TYPES OF ECONOMIC SYSTEMS
NATIONALIZATION: WHY GOVERNMENTS GET INVOLVED in ownership of businesses
PRIVATIZATION: WHY GOVERNMENTS SELL BUSINESSES
Government Stability and Protection
STABILITY: PEACE AND PREDICTABILITY
PROTECTION FROM UNFAIR COMPETITION
PROTECTION FROM TERRORISM, CYBERCRIME, AND OTHER THREATS
Country Risk Assessment and Countermeasures to Threats
Instruments of Trade Policy
Import tariffs
Import controls and bans
Export tariffs
export controls and bans
subsidies
Nontariff barriers
Motivations for Government Intervention in Trade
Political reasons for restricting trade
economic reasons for restricting trade
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
GAME THEORY IN THE U.S.–CHINA TRADE WAR: PREDICTING TRADE POLICY CHOICES AND IMPACT ON NATIONAL WELFARE
Notes
Module 6: Intellectual Property Rights and Other Legal Forces
Module 6 Introduction
Types of Legal Systems
CIVIL LAW
COMMON LAW
RELIGIOUS LAW
International Legal Forces
RULE OF LAW
WHAT IS INTERNATIONAL LAW?
SOURCES OF INTERNATIONAL LAW
General Legal Concerns in Global Business
EXTRATERRITORIALITY
PERFORMANCE OF CONTRACTS
LITIGATION
Intellectual Property Rights
PATENTS
TRADEMARKS
TRADE NAMES
COPYRIGHTS
TRADE SECRETS
PROPERTY RIGHTS AND CORRUPTION
Standardizing Laws Around the World
Some Specific National Legal Forces
COMPETITION LAWS
TRADE OBSTACLES
TORT LAW
MISCELLANEOUS LAWS
FOREIGN CORRUPT PRACTICES ACT
ACCOUNTING LAW
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
UBER’S FAILURE IN CHINA: A CASE OF LEGAL AND STRATEGIC CHALLENGES
Notes
Module 7: Economic and Socioeconomic Forces
Module 7 Introduction
International Economic Analyses
Levels of Economic Development
Dimensions That Describe the Economy and Their Relevance for International Business
MEASURING THE SIZE OF AN ECONOMY
ECONOMIC GROWTH RATE
INCOME DISTRIBUTION
PRIVATE CONSUMPTION
UNIT LABOR COSTS
OTHER ECONOMIC DIMENSIONS
Socioeconomic Dimensions of the Economy and Their Relevance for International Business
TOTAL POPULATION
AGE DISTRIBUTION
POPULATION DENSITY AND DISTRIBUTION
OTHER SOCIOECONOMIC DIMENSIONS
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
MOBILE BANKING IN EMERGING MARKETS: ESTIMATING THE ADDRESSABLE MARKET
Notes
Module 8: The International Monetary System and Financial Forces
Module 8 Introduction
The International Monetary System: A Brief History
THE GOLD STANDARD
THE BRETTON WOODS SYSTEM
THE CENTRAL RESERVE/NATIONAL CURRENCY CONFLICT
The Floating Currency Exchange Rate System
CURRENT CURRENCY ARRANGEMENTS
digital currencies
THE BANK FOR INTERNATIONAL SETTLEMENTS
Financial Forces: Fluctuating Currency Values
FLUCTUATING CURRENCY VALUES
WHY FOREIGN CURRENCY EXCHANGE OCCURS AND THE FX MARKET
EXCHANGE RATE QUOTATIONS
CAUSES OF EXCHANGE RATE MOVEMENT
EXCHANGE RATE FORECASTING
Financial Forces Governments Can Exert
CURRENCY EXCHANGE CONTROLS
TAXATION
INFLATION AND INTEREST RATES
Balance of Payments
BOP ACCOUNTS
DEFICITS AND SURPLUSES IN BOP ACCOUNTS
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
NAVIGATING THE STORM: MULTINATIONAL CORPORATIONS AMIDST INFLATION AND CURRENCY FLUCTUATIONS
Notes
Module 9: International Competitive Strategy
Module 9 Introduction
What Is International Strategy, and Why Is It Necessary?
WHY PLAN GLOBALLY?
The Process of Global Strategic Planning
STEP 1: ANALYZE DOMESTIC, INTERNATIONAL, AND FOREIGN ENVIRONMENTS
STEP 2: ANALYZE CORPORATE CONTROLLABLE VARIABLES
STEP 3: DEFINE THE CORPORATE MISSION, VISION, AND VALUES STATEMENTS
STEP 4: SET CORPORATE OBJECTIVES
STEP 5: QUANTIFY THE OBJECTIVES
STEP 6: FORMULATE THE COMPETITIVE STRATEGIES
REGIONAL STRATEGIES FOR COMPETING GLOBALLY
STEP 7: PREPARE TACTICAL PLANS
Strategic Plan Features and Implementation Facilitators
SALES FORECASTS AND BUDGETS
FACILITATION TOOLS FOR IMPLEMENTING STRATEGIC PLANS
PERFORMANCE MEASURES
Kinds of Strategic Plans
TIME HORIZON
LEVEL IN THE ORGANIZATION
METHODS OF PLANNING
New Directions in Planning
WHO DOES STRATEGIC PLANNING?
HOW STRATEGIC PLANNING IS DONE
CONTENTS OF THE PLAN
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
THE GLOBALIZATION OF WALMART
Notes
Module 10: Organizational Design and Control
Module 10 Introduction
How Does Organizational Design Impact Multinational Corporations?
Evolution of Multinational Corporation Structure
INTERNATIONAL DIVISION STRUCTURE
INTERNATIONAL PRODUCT STRUCTURE
GEOGRAPHIC REGION STRUCTURE
GLOBAL FUNCTIONAL STRUCTURE
HYBRID ORGANIZATIONAL STRUCTURES
MATRIX ORGANIZATIONS
MATRIX OVERLAY
STRATEGIC BUSINESS UNITS
CURRENT ORGANIZATIONAL TRENDS
REQUIREMENTS FOR THE FUTURE OF INTERNATIONAL COMPANIES
Where Decisions Are Made in Wholly Owned Subsidiaries
STANDARDIZATION OF THE Company’s PRODUCTS AND EQUIPMENT
COMPETENCE OF SUBSIDIARY MANAGEMENT AND Headquarters’ RELIANCE ON IT
SIZE AND AGE OF THE MNC
HEADQUARTERS’ WILLINGNESS TO BENEFIT THE CORPORATION AT THE Subsidiary’s EXPENSE
THE SUBSIDIARY’S FRUSTRATION WITH ITS LIMITED POWER
Where Decisions Are Made in Joint Ventures and Subsidiaries Less Than 50 Percent Owned
LOSS OF FREEDOM AND FLEXIBILITY
CONTROL CAN BE HAD EVEN WITH LIMITED OR NO OWNERSHIP
Reporting
FINANCIAL REPORTING
TECHNOLOGICAL REPORTING
REPORTING ABOUT MARKET OPPORTUNITIES
POLITICAL AND ECONOMIC REPORTING
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
EVALUATING ORGANIZATIONAL STRUCTURES FOR LULULEMON’S INTERNATIONAL EXPANSION STRATEGY
Notes
Module 11: Global Leadership Issues and Practices
Module 11 Introduction
The Global Mind-Set
Global Leadership: What It Is and Why It Matters
HOW GLOBAL LEADERSHIP DIFFERS FROM DOMESTIC LEADERSHIP
THE CHALLENGE OF FINDING GLOBAL LEADERS WITH THE “RIGHT Stuff”
What Competencies Are Required for Effective Global Leadership?
Selecting and Developing Effective Global Leaders
ASSESSING GLOBAL LEADERSHIP COMPETENCIES
MODELS FOR DEVELOPING GLOBAL LEADERS
TOOLS AND TECHNIQUES FOR DEVELOPING GLOBAL LEADERSHIP SKILLS
Leading Global Teams
LEADING TEAMS
COMPLEXITY FOR TEAMS IN THE GLOBAL CONTEXT
GLOBAL TEAM LEADERSHIP AND CULTURE
VIRTUAL AND GEOGRAPHICALLY DISPERSED TEAMS
PERFORMANCE MANAGEMENT IN GLOBAL TEAMS
Leading Global Change
CHANGE MODELS
CHANGE AND CULTURE
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
JUSTIN MARSHALL: A FAILED GLOBAL LEADERSHIP OPPORTUNITY?
Notes
Module 12: International Markets: Assessment and Entry Modes
Module 12 Introduction
Market Screening Approaches and Techniques
INITIAL SCREENING—BASIC NEEDS POTENTIAL
SECOND SCREENING—FINANCIAL AND ECONOMIC FORCES
THIRD SCREENING—POLITICAL AND LEGAL FORCES
FOURTH SCREENING—CULTURAL FORCES
FIFTH SCREENING—COMPETITIVE FORCES
FINAL SELECTION OF NEW MARKETS
SEGMENT SCREENING
Trade Missions and Trade Fairs
Research in the Local Market and as Practiced
What Methods Are Available for Entering Foreign Markets
NONEQUITY MODES OF ENTRY
EQUITY-BASED MODES OF ENTRY
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
EVALUATING AND COMPARING THE ATTRACTIVENESS OF THREE LARGE LATIN AMERICAN COUNTRIES
Notes
Module 13: Marketing Internationally
Module 13 Introduction
Differences between Domestic and International Trade
The Marketing Mix
STANDARDIZE, ADAPT, OR START FROM SCRATCH?
Product Strategies
Modifying Types of Products
INDUSTRIAL PRODUCTS
CONSUMER PRODUCTS
SERVICES
FOREIGN ENVIRONMENTAL FORCES
Promotional Strategies
ADVERTISING
Media Availability and Internet Advertising
TYPE OF PRODUCT
FOREIGN ENVIRONMENTAL FORCES
Neither Purely Global nor Purely Local
PERSONAL SELLING
SALES PROMOTION
PUBLIC RELATIONS
Pricing Strategies
STANDARDIZING PRICES
FOREIGN NATIONAL PRICING
INTERNATIONAL PRICING
Distribution Strategies
STANDARDIZING DISTRIBUTION
FOREIGN ENVIRONMENTAL FORCES
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
Wendy’s expansion and marketing strategy down under
Notes
Module 14: Managing Human Resources in an International Context
Module 14 Introduction
Worldwide Labor Conditions
OVERALL SIZE OF THE WORKFORCE
AGING OF POPULATIONS
URBANIZATION OF WORKFORCE
IMMIGRANT LABOR
GUEST WORKERS
BRAIN DRAIN
LABOR UNIONS
The Strategic Approach to International Human Resource Management
Recruitment and Selection of Employees
ETHNOCENTRIC STAFFING POLICY
POLYCENTRIC STAFFING POLICY
REGIOCENTRIC STAFFING POLICY
GEOCENTRIC STAFFING POLICY
Training and Development of Employees
HOME- OR PARENT-COUNTRY NATIONAL
HOST-COUNTRY NATIONAL
THIRD-COUNTRY NATIONAL
Expatriates
THE Expatriate’s FAMILY
PREPARATION FOR THE TRANSITION: LANGUAGE TRAINING
EXPATRIATE SERVICES
REPATRIATION—THE SHOCK OF RETURNING HOME
Compensation for International Assignments
SALARIES
ALLOWANCES
BONUSES
COMPENSATION PACKAGES CAN BE COMPLICATED
COMPENSATION OF THIRD-COUNTRY NATIONALS
INTERNATIONAL STATUS
PERKS
What’s IMPORTANT TO YOU?
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
JAYDEN WHITE: SHOULD HE ACCEPT AN EXPAT ASSIGNMENT TO CHINA?
Notes
Module 15: International Accounting and Financial Management
Module 15 Introduction
Accounting and Foreign Currency
THE PURPOSE OF INTERNATIONAL ACCOUNTING
FOREIGN CURRENCY TRANSACTIONS
FOREIGN CURRENCY CONSOLIDATION: TRANSLATION AND FUNCTIONAL CURRENCY
INTERNATIONAL ACCOUNTING STANDARDS ON THE PATH OF CONVERGENCE
ACCOUNTING AND CULTURE
Triple-Bottom-Line Accounting
International Financial Management: Capital Structure of the Firm
International Financial Management: Cash Flow Management
WHY FUNDS ARE MOVED AND USEFUL TECHNIQUES FOR MOVING THEM
INTERNATIONAL FINANCE CENTER
MULTILATERAL NETTING
LEADING AND LAGGING
Foreign Exchange Risk Management
TRANSACTION EXPOSURE
TRANSLATION EXPOSURE
ECONOMIC EXPOSURE
Taxation
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
ADOBE’S CURRENCY RISK MANAGEMENT STRATEGIES
Notes
Bonus Module A: International Institutions from a Business Perspective
Bonus Module A Introduction
What Are Institutions, and Why Are They Useful?
Institutional Theory
TYPES OF INSTITUTIONS
The United Nations
GENERAL UN SUPPORT OF BUSINESS
DIRECT UN IMPACT ON BUSINESS
UN ORGANIZATION
International Monetary Institutions
INTERNATIONAL MONETARY FUND
THE WORLD BANK
World Development and Trade Organizations
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD)
WORLD TRADE ORGANIZATION
Economic Integration Agreements
FREE TRADE AREA
COMMON MARKET
ECONOMIC INTEGRATION
EXAMPLES OF ECONOMIC INTEGRATION AGREEMENTS
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
GEOPOLITICAL RISK ASSESSMENT AND ARTIFICIAL INTELLIGENCE INTEGRATION FOR MNCS
Notes
Bonus Module B: Export and Import Practices
Bonus Module B Introduction
Sources of Export Information, Counseling, and Support
MISTAKES MADE BY NEW EXPORTERS
EXPORT MARKETING PLAN
Incoterms, Pricing, Terms of Sale, and Payment
INCOTERMS
PRICING
TERMS OF SALE
EXPORT PAYMENT PROCEDURES
Export Financing
Export Procedures and Export Documents
EXPORT SHIPMENTS
Importing
SOURCES FOR IMPORTS
CUSTOMHOUSE BROKERS
IMPORT DUTIES
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
ELECTRIFYING EXPORT: CARKINESIS’S PRICING STRATEGY
Sample Outline for an Export Marketing Plan
Notes
Bonus Module C: Global Operations and Supply Chain Management
Bonus Module C Introduction
Managing Global Supply Chains
Design of Products and Services
Sourcing Globally
REASONS FOR SOURCING GLOBALLY
GLOBAL SOURCING ARRANGEMENTS
IMPORTANCE OF GLOBAL SOURCING
THE INCREASING USE OF ELECTRONIC PURCHASING FOR GLOBAL SOURCING
Manufacturing Systems and Logistics
ADVANCED PRODUCTION TECHNIQUES CAN ENHANCE QUALITY AND LOWER COSTS
LOGISTICS AND SUPPLY CHAINS
Standardization and the Management of Global Operations
BENEFITS OF STANDARDIZATION OF GLOBAL OPERATIONS
IMPEDIMENTS TO STANDARDIZATION OF GLOBAL OPERATIONS
SOME DESIGN SOLUTIONS
Summary
Key Terms
Critical Thinking Questions
Research Task
Mini Case
apple in transition: geopolitical tensions and the move of manufacturing to india
Notes
Glossary
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World Map
World Map
Accessibility Content: Extended Description for Images
Every Learner is Unique Graphic Extended Description (Front Matter)
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