Global Business

Today

by Charles W.L. Hill

McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.
 Topics in Previous Sessions

Introduction to IBM
 What is International Business
 Ways of Internationalization
 Globalization and Global Institutions
• General Agreement on Tariffs and Trade (GATT)
• World Trade Organization (WTO)
• International Monetary Fund (IMF)
• World Bank
• United Nations (UN)
• G20
 Risks Involved in IB
 Why do firms Internationalize 15-2
 Topics in Previous Sessions
Differences in Culture
 Culture, Norms, Values
 Cross-Cultural Literacy
 Determinants of Culture
• Individuals and Groups
• Social Stratification (Social Mobility, Cast System,
Class System)
• Religious and Ethical System
• Languages
• Education
 Risks Involved in IB
 Why do firms Internationalize 15-3
 Topics in Previous Sessions

Ethics in International Business

 Ethics, Business Ethics, Ethical Strategy

 Ethical Issues in IB
 The Roots of unethical behaviors
 Global Ethics (Based on Documentary)

15-4
 Topics in Previous Sessions
Exporting, Importing, and Countertrade

 Exports, Imports
 Pitfalls of Export
 Structure of International Transactions (Export &
Import Procedure)
 Documents involved in Export & Import
• Letter of Credit
• Draft
• Bill of Lading
• Indent
 Counter-trade and its types
15-5
 Topics in Previous Sessions

Entering Foreign Markets

 Basic entry decisions

 Which Market to Enter
 Time of Entry
 Scale of Entry
 Mood of Entry
• Exporting
• Turnkey projects
• Licensing
• Franchising
• Joint ventures
• Wholly owned subsidiaries
15-6
 Topics in Previous Sessions

Global HRM

 What is International HRM

 Staffing Policy
• Ethnocentric approach
• Polycentric approach
• Geocentric approach Franchising
Expatriates and Failure of Expatriate
How firms can reduce expatriate Failure
 Global Mindset
 Training Development
 Performance Appraisal 15-7
 Case Studies

 Globalization of Starbucks
 Mahinda & Mahindra
 Indian Caste System
 Culture and Business in Saudi Arabia
 Siemens Bribery Scandal
 Cisco & Fajitsu
 MD International
 Export Strategies of 3M
 Managing Expatriates at Shell
15-8
 Documentaries

Siakot A city of Opportunities

https://www.youtube.com/watch?v=w-cYv1lbKv0
Pakistan Board of Investment - Documentary
https://www.youtube.com/watch?v=oNfT4ZAW7tg
Cross-Culture Literacy
https://www.youtube.com/watch?v=rJ4IbhXrqnc
https://www.youtube.com/watch?v=PSt_op3fQck
Ethics in Global Business
https://www.youtube.com/watch?v=qZZDsKyOEUo
Entering in Global Market
https://www.youtube.com/watch?v=Flw-l6AMdt8
15-9
 Documentaries
Exporting and Importing
https://www.youtube.com/watch?v=2g7Wg0bemzM
Export Procedure
https://www.youtube.com/watch?v=XtVoJmbvlGA
Import Procedure
https://www.youtube.com/watch?v=D1cJBP-JLRQ
International Trade
https://www.youtube.com/watch?v=aemiFHJXrHI
Global HRM
https://www.youtube.com/watch?v=r1WzcxtEUps

15-10