International Business Management (unit-1) Dr. A. Mohamed Riyazh Khan, Assistant Professor (Se.G) department of management studies,

International Business 1-2 International business consists of all commercial transactions—including sales, investments, and transportation—that take place between two or more countries Increasingly foreign countries are a source of both production and sales for domestic companies

Physical and Social Factors Affecting International Business Operations 1-4

1-5 1.Increase in and expansion of technology 2.Liberalization of cross-border trade and resource movements 3.Development of services that support international business 4.Growing consumer pressures 5.Increased global competition 6.Changing political situations 7.Expanded cross-national cooperation

Why International Business Differs from Domestic Business Political and legal practices Political and legal practices Cultural factors Cultural factors Economic forces Economic forces Geographic influences Geographic influences Competitive factors Competitive factors Boundary Boundary Currency value Currency value Distance Distance coverage coverage

OPERATIONS OF INTERNATIONAL BUSINESS 1.Sales expansion 2.Resource acquisition 3.Risk minimization