International Business, 2ed (An Indian Adaptation)

Description

This book on International Business focuses on issues of globalization demonstrating how it has helped nations and societies to transform their political and economic systems as well as how nations can further reorient their systems to specific national, industrial, and societal needs. It further demonstrates how companies can enter international markets, manage the marketing, financial, HR, and supply-chain operations of a business enterprise in diverse global markets, and expand and diversify in vast global markets with right business strategies for wealth maximization as well as ensuring sustainability.

About the Author

Shad Morris is the Georgia White Fellow and Associate Professor of International Business at the Marriott School of Business, Brigham Young University. He has been a visiting professor at the Indian School of Business, China Europe International Business School, and the Copenhagen Business School. He has been a Fulbright Scholar and is a Research Fellow at Cambridge University. In addition, Professor Morris conducts research and consults in many emerging markets within Asia, Latin America, and Africa.

James Oldroyd is the Ford Motor/Richard Cook Associate Professor of Strategy at the Marriott School of Business, Brigham Young University. He was an assistant professor of management at SKK-GSB in Seoul, South Korea, for five years and an assistant professor of international business at The Ohio State University for three years. Professor Oldroyd’s research explores the intersection of networks and knowledge flows. This work has been published in outlets such as the Academy of Management Review, Organization Science, and Harvard Business Review.

Dr. Ram Singh is Professor and Head (MDPs) at the Indian Institute of Foreign Trade, he has more than 25 years of experience in both industry and academia. He also holds a certificate in Managing Global Governance from German Development Institute, Bonn, Germany, and a Master Certificate in SCM & Logistics from Michigan State University, USA. He specializes both in training & research in areas such as export import procedure and trade policy & trade logistics. He has authored three textbooks—International Trade Operations with Excel Publications, International Trade Logistics with Oxford University Press, and Export Management with Sage Publishers.

Table of Contents

Book Review

1 Globalization and India’s Business Landscape

1.1 What Is Globalization?

1.2 The Flat World, Round World Globalization Debate

1.3 Uncertain Global Business Landscape and Re-globalization Debate

1.4 Governing Globalization

1.5 Managing Globalization

2 Appraising International Business

2.1 Why International Business?

2.2 External Environment

2.3 Internal Environment

3 Political Systems

3.1 The Political Spectrum

3.2 Political Risks

3.3 Measures of Political Freedom

3.4 Government’s Involvement in Business

4 The Legal Environment

4.1 Differing Legal Systems

4.2 Common Legal Issues for International Business

4.3 Illegal versus Unethical Conduct

4.4 Important International Laws

5 Economic Systems

5.1 Understanding Economic Systems

5.2 Measuring Output

5.3 Governmental Economic Controls

5.4 Currency Fluctuation and Concentration Effects

6 Currency and Foreign

6.1 What Is Money?

6.2 Understanding Exchange Rates

6.3 The Consequences of Under- or Overvalued

6.4 Understanding and Managing Exchange Rate Risk

7 Culture

7.1 Culture

7.2 What Does Culture Mean for Business?

7.3 Managing Cultural Differences

7.4 Building Cultural Intelligence

8 Trade

8.1 Theories of Trade

8.2 Trade Imbalances and Their Consequences

8.3 Patterns of Trade: Increased Regionalization

8.4 Government Policies Directed at Trade

9 Balance of Payments

9.1 Balance of Payments—an Economic Barometer

9.2 Components of the Balance of Payments

9.3 Usefulness of the Balance of Payments

9.4 Equilibrium and Disequilibrium in the Balance of Payments

9.5 Adjustments in the Balance of Payments

10 Trade Organizations in India

10.1 Evolution of Trade Bodies in India

10.2 Regulatory Bodies for International Trade

10.3 Trade Promotion Bodies

10.4 Trade Facilitation Bodies

11 Technological Change and Infrastructure

11.1 Technology as Physical Infrastructure

11.2 Technology of Information Infrastructure

11.3 Technology of Human Infrastructure

11.4 Technology Trends in International Business

12 Global Innovation and Intellectual Property

12.1 Innovation as a Tool for Global Growth

12.2 Investing in Innovation

12.3 Driving a Culture of Innovation

12.4 Protecting Intellectual Property

13 Country Selection and Entry Modes

13.1 Deciding which Foreign Markets to Enter

13.2 Entry Modes

13.3 Make, Ally, or Buy

14 International Strategy

14.1 What Is Strategy?

14.2 Becoming Locally Responsive

14.3 Achieving Global Integration

14.4 Choosing an International Strategy

15 International Organizational Structures

15.1 Types of Organizational Structures

15.2 Informal Organizational Controls

15.3 Reducing the Need for Coordination among Subsidiaries: Virtual Organizations, Standards, and Modularity

15.4 Horizontal Subsidiary Coordination

16 Global Leadership

16.1 What Is Global Leadership?

16.2 Global Leadership Competencies

16.3 Building Global Leadership Competencies in Others

16.4 Building Global Leadership Competencies in Yourself

17 Global Marketing

17.1 Global Market Segmentation

17.2 Standardization versus Differentiation in International Marketing

17.3 Global Branding

17.4 Global Pricing and Distribution

18 Global Operations and Supply-Chain Management

18.1 Global Procurement

18.2 Global Production

18.3 Global Supply Chains

18.4 Using Data Analytics to Improve Supply Chains

19 Global Human Resource Management

19.1 The Global HR Wheel

19.2 Human Capital in the Global Context

19.3 Meeting Strategic Objectives through Human Capital

19.4 Tasks of the Global HR Function

20 Global Finance and Accounting

20.1 Financing International Trade and Investment

20.2 Capital Budgeting for Multinational Companies

20.3 International Accounting Standards

20.4 Global Tax Matters

21 Sustainability

21.1 What Is Sustainability?

21.2 Fighting Short-Termism

21.3 Collaborating for Sustainability

21.4 Sustainability and Innovation

22 Poverty

22.1 Causes and Consequences of Global Poverty

22.2 Traditional Responses to Poverty

22.3 A Business Response to Poverty

22.4 Doing Well and Doing Good

Summary

Critical Thinking Questions

Case Study: Solving Poverty in China

Endnotes

Glossary

Index