Working Capital

 Working Capital Composition

Tw elfth

Edition

INTERNATIONAL BUSINESS

Environments and Operations

John D. Daniels

University of Miami

Shelter H. Radebaugh

Brigham Youthful University

Daniel P. Sullivan

University of Delaware

Pearson Education Worldwide

Contents

Preface 29 Regarding the Authors • COMPONENT ONE 39 BACKGROUND TO GET INTERNATIONAL ORGANIZATION 44

one particular

Globalization and International Organization

45

49

44

CASE: The Global Playground Introduction forty-eight

W h a big t Is Foreign Business7.

The Forces Generating Globalization 60 Factors in Increased Globalization 51 Precisely Wrong with Globalization? 56 Threats to National Sovereignty 56 Economic Growth and Environmental Anxiety 57

Developing Income Inequality 57 h | Level ^J3ffi^S^^3 ' Offshoring Great Strategy? 54.99 Why Firms Engage in InternationaLBusiness Expanding Product sales 60, Purchasing Resources 62 Minimizing Risk 60

60

Modes of Operations in International Organization Merchandise Exports and Imports 62 Support Exports and Imports 62 Investments 63 Types of International Agencies 63 So why International Organization Differs from Domestic Organization 64 Physical and Interpersonal Factors 66 The Competitive Environment 67 Looking to the Future:

61

Three Ways of Taking a look at Globalization

sixty-eight

C A S Elizabeth: Carnival Cruise companies: Exploiting a lot of Global Prospect 69

74 Summary Key Terms 75 Endnotes 75 An Atlas 78 Map Index 86

Material

• two

PART TWO

COMPARATIVE ENVIRONMENTAL FRAMEWORKS 90

91

90

The Cultural Environments Facing Business

94 95

C A S E: The Java Lounge—Adjusting to Saudi Arabian Culture Introduction Those Factor

Social Awareness

96

97

Just a little Learning Should go a Long Way Area as a Level of Research How Nationalities Form and alter

The Idea of a " Nation": Delineating Civilizations

98 99

98

Language as Both equally a Diffuser and Stabilizer of Lifestyle

100 103

Does Location Matter? Wherever Birds of any Feather Flock Together Religious beliefs as a Social Stabilizer 104 Behavioral Methods Affecting Business 106 Problems in Social Stratification 106 Work Determination 109 Romance Preferences I actually II Risk-Taking Behavior We 12 Data and Process Processing I 13 Marketing and sales communications I 12-15

Dealing with Cultural Differences Accommodation I 18

118

Social Distance: Convenience and Restrictions I 19 Culture Distress 119 Firm and Management Orientations 121 [ P o j d t N f farrenheit l T H ^ f n l Will International Organization Lead to Ethnical Imperialism? Methods for Instituting Transform 125 127 Looking to the near future: What Will Happen to National Ethnicities? C A S E: Charles Matn in Uganda: What to Do Each time a Manager Moves Native 128 123

Synopsis Key Terms Endnotes

132 133 133

3

The Political and Legal Environments Facing Business

137

136

C A S i9000 E: China—Legal Growing Aches in a Property of Chance Introduction 141

The Politics Environment

a hunread forty two

143

Individuality Versus Collectivism Political Ideology 144 Styles in Personal Systems a hundred and fifty

Contents Planning to the Future: What Might Turn into of Democracy? Political Risk 154 153 156

J

| Point | g ^ | ^ ^ ^ m 3 Should certainly Political Risk Management Be a working Strategy? The Legal Environment 157 Legal Systems 158 Types of Legal Devices 158 The Diffusion of Legal Systems 159 Styles in Legal Systems one hundred sixty Understanding Angles of Secret 161 Significance for Managers 162

Legalities in International Business

Detailed Concerns 164 Strategic Problems 166 Intellectual Property Rights 168

164

C A S At the: Crime That Pays (and Pretty Well, Too) Summary Search terms Endnotes 177 178 a hundred and seventy-eight

172

4

The Economical Environments Facing Businesses

184 186

one hundred and eighty

181

C A T E: Financial Conundrums as well as the Comeback of Emerging Financial systems Introduction Intercontinental Economic Evaluation

Elements of the Economic Environment Low National Profits 187 Popular features of an Economic climate 196 Pumpiing 196 197 199 Lack of employment Debt 198 Income Division Poverty 200 Labor Costs Productivity 201 202 202

187...

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