Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
International Business, is it indispensable?
1. > > > > > > > >
INTERNATIONAL BUSINESS:
Is It Indispensable?
2. 4th YEAR IMBA
DEPT OF BUSINESS ADMN.,
UTKAL UNIVERSITY,
BBSR,
ODISHA, INDIA.
3. 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
4. > > > > > > > >
If you are not thinking
international,
you are not thinking
business management
5. 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
6. BUSINESS
• Any activity
that seeks
profit by
providing
goods or
services to
others
INTERNATIONAL
BUSINESS
• Any activity
involving
business
operations
across
national
borders
7. International Business consists of transactions
that are devised and carried out across
national borders to satisfy the objectives of
individuals, companies, and organizations.
8. 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.
9. 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.
10. • 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
17. Education
Politics
Social
Environmental
Business
18. 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
19. • Marketing
opportunities
due to life
cycles
• Uniqueness of
product &
service
Market-seeking
motives
Economic
motives
• Profitability
• Achieving
economies
of scale
• Spreading
R&D costs
• Growth
• Risk spread
Strategic
motives
20. International business:
–Causes the flow of ideas, services, and capital
across the world.
–Offers consumers new choices.
–Permits the acquisition of a wider variety of
products.
–Facilitates the mobility of labor, capital, and
technology.
–Provides challenging employment opportunities.
–Reallocates resources, makes preferential
choices, and shifts activities to a global level.
21. 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
22. 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.