Katedra řízení podniku a podnikové ekonomiky INTERNATIONAL BUSINESS [ B_IB ]
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Transcript of Katedra řízení podniku a podnikové ekonomiky INTERNATIONAL BUSINESS [ B_IB ]
Katedra řízení podniku a podnikové ekonomiky
INTERNATIONAL BUSINESS[B_IB]
Ing. Pavla Břečková, [email protected]
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INTERNATIONAL BUSINESS
KS = 3 guided consultations (winter term 2008) Framework of IB, it’s importance in national economy Reasons for exchange International business activities Entering foreign markets, entry modes (characteristics, risks, sources fixture)
Internationalisation Role of culture, cultural differences and their impact on mastering business
International trade barriers Competition in the international arena
Within each consultation: practical discussions on topical economical issues
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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CREDIT conditions B_IB
KS = 3 guided consultations (winter term 2008)
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
CONDITIONS: PRESENCE at IB lectures active PARTICIPATION – communication, reading and discussing topical economic issues
short PRESENTATION - preparation at home - 5 min. presentation on economical topical issue
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Lecture content
Introduction of each participant
International business Framework of IB, it’s importance in national economy Reasons for exchange International business activities Entering foreign markets, entry modes (characteristics, risks, sources fixture)
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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INTERNATIONAL BUSINESS / TRADE
What is international business?
= exchange of goods and services undertaken by
business bodies across the national border with the
foreign business bodies
INT business=
EXCHANGE across border
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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INTERNATIONAL BUSINESS
Reasons for participation in IB? = the fact that almost no country is able to SATISFY its’ needs by own goods and base materials- countries concentrate on manufacturing products which are effective under given conditions (= theory of comparative advantage)
Free economy= stage of involvement in the international trade
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
1. ECONOMICAL 2. POLITICAL3. CULTURAL
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IB importance + influences
FREE TRADE (international exchange)
= is an aim of all the trade economies and consists in: convertibility (possibility to exchange currency) free price creation economical and political barriers elimination (duties, quotas etc.)
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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International business - DISADVANTAGES
Weak self-sufficiency
(in case of war or political system change)
Dependence (the smaller and econ.developed country => the more important IB is for the country)
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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IB INDICATORS [basic]
BALANCE OF TRADE = review of export & import volume in certain period of timeA) ACTIVE = export > import B) PASSIVE = export < import
BALANCE OF PAYMENTS= review of currency / exchange receipts and expendituresA) ACTIVE = payments abroad > receipts from abroad B) PASSIVE = payments abroad < receipts from abroad
MEZINÁRODNÍ OBCHODNÍ VZTAHY [MOV] Ing. Pavla Břečková, Ph.D. / [email protected]
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Ways of controlling IB
PROTECTIONISM – state intervenes in IB- protects the inner market against foreign competition - supports own products at the foreign markets
LIBERALISM – state limits the interventions in IB- export & import without restrictions- currency convertibility enables access to foreign currency purchases for free trade / exchange
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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History of Czech IB
Before 2nd World War: orientation on western markets Czechoslovakia =10th most industrially developed country with cooperation and trade relations in western countries
After 2nd World War (communist period): CZ „manufactury“ of the communist bloc with over 70 % of export into these countries
1989 fall of socialism: CZ’s IB shift to the western partners again (Questionable move today)
2004 CZ joins EU: • Elimination of trade barriers (duties, quotas and other restrictions)• Solid business climate in CZ => inflow of FDI (often based on governmental INCENTIVES)
MEZINÁRODNÍ OBCHODNÍ VZTAHY [MOV] Ing. Pavla Břečková, Ph.D. / [email protected]
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CZ – joining EU
CZ member of EU since 1.5.2004 (in the wave of10 countries – the biggest enlargement in the EU history)
Further enlargement 1.1.08 (BG and RO)
Today 27 countries
Negotiations about another countries accession
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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Business Advantages & Disadvantages of Czech accession of EU
DISADVANTAGES - stronger competition - less freedom in some of state economical decisions
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
ADVANTAGES- duties elimination- free movement of goods / partly free mov.of labor- larger market (single market)
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INTERNATIONALIZATION
•- various research approaches•= kind of „DEVELOPING & evolutional“ process: 3 forms (acc. to the stage of involvement after expanzion)
INT = cover for international operations
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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Dimensions of INTERNACIONALIZATION
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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MOTIVES for foreign expansion
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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Entry modes & business activities in IB
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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Contractual international business activities
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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INVESTMENT entry modes
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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Further IB operations
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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CULTURE DIFFERENCES
= impact of culture on relationship, employees
approach to work, business management and
negotiations
-> this impact is much > than differences coming out from:
o race
o sex
o specialization [profession]
o position
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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CULTURE and it’s elements
Culture
= characteristic way of living
= based on ACQUIRED models of behaviour (i.e. not
inborn)
Culture ELEMENTS ABSTRACT (values, approaches, opinions, religion – from generation to generation) MATERIAL (stage of development and types of: technology, structure of consumption in a country / society )
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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CULTURE – abstract elements - impact on exchange
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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CULTURE – abstract elements - impact on exchange
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
- International exchange
- Reasons for IB, advantages x disadvantages
- Free trade
- IB influences and IB indicators
- History of Czech international business
- Balance of trade, balance of payments
- Liberalism, protectionism
- Convertibility, trade barriers, free price creation
- Structure of IB (territory, commodity)
- Cyclical fluctuation / conjuncture
- Incentives (FDI)
- Entry modes (import, export, licence, franchise, alliance, JV, greenfield, acquisition)
- Switch, clearing, barter 27.
KEY terms
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]
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Thank you for your attention
Ing. Pavla Břečková, [email protected]
INTERNATIONAL BUSINESS [B_IB] Ing. Pavla Břečková, Ph.D. / [email protected]