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International Business: Environment & Operations

e only one-chapter section in the book; it provides an overview and background to the study of international business. Daniels and Radebaugh suggest that some individuals are interested in international business because they are part of an organization which operates on a worldwide basis. Others are interested in the subject as citizens who are concerned with the regulations of such businesses in order to obtain their own objectives.

According to the authors, as technology has advanced (including transportation and communications), geographic frontiers have been penetrated and global business is the result. Consequently, a number of disciplines, such as geography, history, political science, law, economics and anthropology are now necessary to understand the full scope of international business. Companies which operate in foreign countries must adapt to different methods of doing business; companies which undertake a worldwide approach to marketing and production are known as multinational or transnational organizations. Most companies which fall into this category -- in fact, most companies which operate in the international arena -- come from developed and industrialized nations.

Factors which companies considering doing business on a worldwide basis must take into account include: economic conditions, technology, wars and the political climate of both the domestic and foreign market.

In the two-chapter Part Two, Daniels and Radebaugh move their attention to comparative environmental frameworks. Here, the authors suggest that global companies both affect the countries in which they do business and are, in turn, affected by those same countries. Chapter 2 takes on the issue of the economic and political environments facing business. Chapter 3 looks at the physical and behavioral differences among nations which affect day-to-day business.

Daniels and Radebaugh divide the world economy into three smaller worlds: f...

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International Business: Environment & Operations. (1969, December 31). In LotsofEssays.com. Retrieved 00:37, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1704551.html