INTERNATIONAL BUSINESS ENVIRONMENT

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Presentation transcript:

INTERNATIONAL BUSINESS ENVIRONMENT NEXT CHAPTER

Nature of international business environment Domestic Foreign international

Environment forces Political-legal Economic Cultural technological

Political environment Two basic political systems Democracy Totalitarianism

Continued… Three institutions: Legislative Executive or Government Judiciary

International laws Islamic laws Socialist laws Common laws Civil or code laws

Principles of International laws Principle of sovereignty Principle of international jurisdiction Nationality principle Territoriality principle Protective principle Principle of doctrine of comity Act of state Doctrine Treatment & rights of Aliens Forum for hearing &settling disputes

Economic environment Basic economic system Per capita incomes GDP and GNP Import and export Balance of payment position Population Agriculture and industry infrastructure

Technological environment Features Change and more change Effects are widespread Self-reinforcing

Impact of technology Social implications Economic Plant level

Cultural environment Language Religion Education Attitude towards business Attitude towards work Ambitious or complacent Family Time dimension Manners and customs

End of chapter Questions