Ib chapter1slides

InternationalBusinessChapter1

We live in a Global Economy

Objectives:

Distinguish between domestic

and International business.

Discuss the reasons why international

Business is important

Understand that international trade is

not just a recent event

[P.8-25]

The Foundation of International Business

InternationalBusinessChapter1-1

Global Domestic

International

Key Words

Objectives:

Distinguish between domestic

and International business.

Discuss the reasons why international

Business is important

Understand that international trade is

not just a recent event

Coffee we drink

Toys for our kids

The Oil to make gasoline

The cars we drive

Cotton for clothing

[we buy]


Computers

Soy beans

Cars

Corn

Civilian aircrafts

[we sell]


•The exchange of products and services among countries.

•Transactions that are carried out across national borders to satisfy the objectives of individuals and organizations.


InternationalBusiness

Trade

Materials

Parts

Finished products

Services

Resources

Knowledge

Chapter1-1


•Places where consumer incomes and buying power are increasing because of an economic expansion.

Indonesia

Poland

Chile

Turkey

South

Africa

No more than 2 pages. Please use Arial 12.

History of International Business TIMELINE

• The need of certain products and services rely on the capacity of different countries to be covered.

• When circumstances oblige the use of imported products or services.


Energy8

MillionJobs

•When the country cannot produce enough for its population.

• When the climate, geography or nature are obstacles to get products or services when needed.


Food

Domestic trade or Internal trade is the exchange of goods, services, and capital within a sovereign state's borders or territories.

USA has the larges domestic business of the world.

At least 189 domestic US companies are GLOBAL



30.000 restaurants, 120 countries, different menus.

Insurance company with 14,000 employees.

http://www.libertysafesusa.com/

How are you affected by international business?

How are you affected by IB?

IB Technology Politics History

What happens

when new technology

creates employment

What happens when a

government change the

rules

How historical events

influence trade among

countries

We are all part of the IB

strategy!

The Foundation of International Business


Rules Culture

trade

Key Words

Objectives:

Describe basic IB activities

Explain the components of the IB

environment

Importance of IB


One can import/export tangible or non tangible goods, services, and even people.

An import/export of a good occurs when there is a change of ownership from and International port to a domestic port.

PRODUCTS OR SERVICES BROUGHT TO PORT

Korea exports to USA

USA imports from Korea


Balance of Trade

When the country exports more than imports

When the country imports more and exports less


Embargo

Language *Natpe TV

Imported steel (2002)

InternationalBusinessChapter1-2International Business Environment

EconomyEconomy

Political& LegalFactors


Cultural &Social

Factors

Cultural &Social

Factors

GeographicConditions


IBEnvironment

IBEnvironment

Climate, terrain, seaways, natural resources, agricultural products

Language, Education, religion, values and customs, social relationships

System, educational level, technology, industries

Government, stability, IB policies




IBEnvironment

IBEnvironment

Doesn’t have a seaport


Cultural &Social

Factors

Cultural &Social

Factors

IBEnvironment

IBEnvironment

Don’t like to do business with a woman




IBEnvironment

IBEnvironment

Chavez changes his mind everyday!


EconomyEconomy

IBEnvironment

IBEnvironment

Mali literacy rate is the lowest

Evert country has their own...

1. Some people expect a present

2. Some companies expect a dinner together

3. Others won´t accept anything

ETC


The Global Business World

History knowledge

Geography

Foreign languague

Cultural awareness

Study a lot



International Business change the life of the people:

Different products, more quantity

Career choices

Cultural exchange...



http://www.youtube.com/watch?v=Us-TVg40ExM

Ib chapter1slides

Education

Transcript of Ib chapter1slides