Introduction to International business and globalization
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Transcript of Introduction to International business and globalization
International business introductionFlat or multidomestic?
Standardization
"containers" by Rafael Edwards is licensed under CC BY-NC
Global efficiency
Adaptation
Local responsiveness"BLASTS!" by KatieThebeau is licensed under CC BY
International business introductionFlat or multidomestic?
The CAGE frameworkCultural differences• Language, Etnicity, Religion, Work systems, Tradition,
Values, social norms + dispositions, etc.
Administrative differences • Colonial ties, Trade agreements, Currency, Legal
system, Gov. policies, Political hostility, Visa and work permit req.
Geographical differences• Physical distance, Common land border, Time zones,
Climate, Landlockedness, Transportation, Communication
Economic differences• Per capita income, Cost of labor, Availability of human
resources, Organizational capabilities, Economic size, etc.
International business introductionNot flat but flattening