International Business and Its Strategies

International Business and Its Strategies Tutorials written by ? Dissertation Proposal UK

International Business and its strategies

Introduction:
International business (IB) means business or commercial transactions that take place between two or more than two countries. It can be conducted in many ways like import- export of goods and services, issuing license, international franchising to produce goods in other country, foreign direct investment (FDI), providing outsource services to the other companies across the nation, starting joint venture with a company etc.

Role of IB in Economic development:
Since 1980?s there is a high competition at global level. International business has a great scope in private sector. The operations are conducted on large scale and hence it also provides wide area of job opportunities which helps in sound employment ratio. The developing countries get an opportunity to get advance technology and foreign capital which helps in industrial development and leads to overall economic development.

Government sector participate in international business for strong political relations.

Challenges:
International business goes through the number of economic, political and other business formalities. So, it gets affected by any change in economic and political conditions. Hence it is very sensitive in nature. To overcome from this sensitive nature and to achieve business goals in Competitive market, all MNC?s or International business plans some strategies.

*Note: Strategies is an approach developed by an organization to achieve its particular business objectives. It is different from policies. Policies guide the plan of action and decisions.

International business strategy: is a planned action that governs commercial activities conducted between multiple countries to achieve certain set of goals .International business is similar to national business, but there are some differences which have to be consider for successful execution of international strategies.

Some of the key areas and strategies of international business are: Business entry strategies like exporting, franchising, licensing, joint venture, tax related; political strategies, promotion & marketing strategies, human resource management (HRM) strategy, product and resource related strategies, cost and profit related etc.

A keen observation and planning is significant for strong strategies, as it leads to sound business position.

For helps on International Business essays and paper, logon to www.dissertationhelpuk.co.uk

I am Steve Johnson from DHU, In the field of dissertation/thesis/ assignment, symbolizes excellence. We are working in the field of writing for the last 5 years with splendid success. We have an efficient team of assignment help expert writers, who are very experienced and specialized in their particular field of study. You can contact us by email at info@dissertationhelpuk.co.uk. For more information please visit www.dissertationhelpuk.co.uk

Source: http://www.blog.dissertationhelpuk.co.uk/international-business-and-its-strategies

ucla football taylor momsen deliverance muhammad ali pentatonix nicki minaj barbie doll nicki minaj barbie doll