1. Why Study International Business

2. Why Study International Business
Any organization you work for will have international operations or be affected by the global economy

3. Why Study International Business
You need to understand this increasingly important area to better assess career opportunities and to interact effectively with other managers

4. Why Study International Business
You may eventually work for a firm that is owned by a corporation headquartered in another country

5. Example A Toronto-based company started in the 90s
Was then acquired in ‘06 by DRG, based in Massachusetts
Which was then acquired by Piramal in ’12, based in India

6. Why Study International Business
Small business is becoming more involved in international business (growth of e-commerce)

7. Why Study International Business
To obtain cultural literacy in order to understand and appreciate the similarities and differences of the world’s peoples with whom you may do business

8. Why Study International Business
Keep abreast of the latest business techniques and tools, which may be developed outside of North America but used extensively by North Americans

9. Why Study International Business
Examples:
Motorola’s Six Sigma – set of techniques and tools developed for process improvement in the 80s, popularized as a business strategy by GE in the 90s
Toyota’s Just in Time – operations management approach, now followed by many companies such as Hewlett-Packard