Absolute Essentials of International Business


Philosophy and preliminary conceptsCompanies and international businessMNE configurationsInternational value chainsA theoretical discipline rooted in empirical realitiesThe drivers of international businessInternal driversExpanding salesAcquiring inputsExternal driversRegulatory frameworksTechnologyGlobal competitionInternational financeBibliographyInternational Business TheoriesCountry-focused trade theoriesMercantilismAdam Smith’s absolute advantageComparative advantageInfant industriesTrade and social welfareFactor proportions (Heckscher—Ohlin)Modern business-centred theoriesProduct life cycleNew trade theoryCompetitive advantageBibliographyThe Politics of International BusinessWhat economic role for governmentCycles in economic thinkingThe future of international business politicsInternational business intervention toolsTrade toolsTariffsNon-tariff barriers (NTBs)FDI toolsPerformance requirementsOwnership restrictionsMacro-economic policySubsidiesGlobal governanceIntergovernmental organisationsRegional associationsBibliographyEthics and International BusinessThe debate over (international) business ethicsEthics vary in time and placeThe case for and against explicit CSRAnti-CSRPro-CSRInternational CSR in practiceMNEs’ main ethical dilemmasHuman rightsLabour relations and supplier controlsCorruptionEnvironmentInternational codes of conductUN conventionsVoluntary codesEnforcing CSR worldwideNational traditions of CSR enforcementMarket policing: non-governmental organisations (NGOs) and consumersBibliographyCultural EnvironmentsCulture and its impact on international businessThe components of cultureLanguageReligionSocialisation and acculturationSocialisationNational, professional, and corporate culturesTheories of culture for international businessHofstede’s cultural dimensionsIndividualism vs collectivismPower distanceMasculine vs feminineUncertainty avoidanceTime orientationIndulgence vs restraintThe cluster approachLimitations of these two approachesOptimising assignments abroadCulture shockManaging diverse teamsDeveloping cultural intelligenceBibliographyForeign Market EntryInternationalisation mindsets and strategiesPrime theoriesTrade vs FDI, or the “borders of the firm” debateHorizontal us vertical FDIMarket entry choicesGreenfield vs brownfieldInternational partnershipsInternational joint venturesNori-equity arrangementsInternational licensingInternational franchisingTurnkey projectsBibliographyMultinational Organisations and ParadigmsMNE organisationsTraditional divisionsGlobal vs regional focusTransnational firms and glocalisationMNEs as alliances of equalsPrinciples of multinational organisationStrategic coherenceSociology of (multinational) organisationsBibliographyInternational Upstream OperationsKnowledge as the first step in productionGlobal supply chain managementInternational outsourcingTypes of supply relationshipsInternational productionIndustrial modelsLogistics and plant locationBibliographyInternational Downstream OperationsAnalysing a foreign marketInternational market analysisMarket Intelligence Systems and big data analyticsInternational marketing frameworkStandardisation vs adaptationStandardisationAdaptationStriking the right balanceGlocalisationGlobal branding and the associated risksProduct Life CycleInternational marketing mixProductPlacePricePromotionBibliographyMultinational FinanceForeign exchangeThe concept of exposureSources of FX exposureNon-transactional FX risksManaging foreign exchange risk“Natural" hedgingShort-term financial hedgingMultinational treasuryExternal fundingDebt financeEquity financeInternal funding sourcesNettingTransfer pricing and tax implicationsBibliographyInternational Talent ManagementGlobal trends impacting MNEs’ HRM needsTalent shortagesGlobal talent warDemographicsRise of global hubs and citiesInstitutions and resourcesThe resource-based viewThe institution-based viewFormal aspectsInformal aspectsMNEs’ diverse HRM practicesEthnocentric hiringPolycentric hiringGeocentric hiringGlobal talent managementAttracting global talentDeveloping talentRetaining talentBibliographyThe Future of International BusinessThe changing geography of international businessNew manufacturing powerhousesSelling into the Global SouthGlobal South MNEs as new players on the world stageArtificial intelligence’s impact on international businessEconomic growthGlobal supply chainsCross-border digital tradeData and trade negotiationsGlobal regulation of AlAl and international business practitionersBibliography
 
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