A Literature Review on International Business - 8061 Words

A Literature Review on International Business Introduction Engaging in international business is one of the most important factors that a businessman must consider in order to gain more financial strength and stability for his company. One reason of investing to other countries provides a much larger opportunity for growth. But the success of a business also depends on choosing the right country to transact with, and having the ability to negotiate with that country in terms of their rules and policies, in a fairly considerable way. To be able to do this would guarantee both countries’ relationship to be beneficial. On the other hand, most developed countries trade and invest with developing countries because of less competition in†¦show more content†¦The operation of domestic firm in overseas branches is one of the studies that should be taken to consideration in international business. One example of this is a Japanese firm can have its branch in other countries. Toyota of Philippines is considered as a domestic firm in an overseas branch. Farmer and Richman (1966) stated that this type of international business involves a management dimension in a foreign environment, and as such is one of the most complex and interesting types of international business studies. Firms cannot assume in this case that management problems will be identical to those faced at home. The import and export trade is also an important branch in business internationally for it involves the purchasing of products by a local firm, like Bangladesh from other local firms in foreign countries, e.g. Australia and sell them in Bangladesh, or an that manufacturer may sell his domestically produced products abroad. Farmer and Richman (1966) stressed that this area of study has long been of interest to economists, since the flows of international trade have considerable impact on the development and operations of the local economy. The comparative management in international business refers toShow MoreRelatedStandardization in Internat ional Marketing Strategy Is Doomed to Failure: Literature Review and Methodological Critique1577 Words   |  7 PagesStandardization in International Marketing Strategy is doomed to failure: Literature review and methodological critique. The literature on standardization of international marketing strategy has rapidly increased in amount since Levitt (1983) suggested the main concept that business strategies and their influences on firm performance should be universal through national markets which are very much alike culturally, economically and politically, in spite of limited empirical evidence focusedRead MoreLiterature Review-Fdi in Retail1349 Words   |  6 PagesREPORT LITERATURE REVIEW AN EMPIRICAL STUDY OF THE GROWTH PROSPECTS AND PROFITABILITY OF FDI IN RETAIL SEGMENTS OF INDIA Submitted to: Prof. Sapna Parashar Date: 23-07-2008 Submitted by: Arnab Sinha 071108 INDEX INDEX 2 CONCEPTUAL ANALYSIS 3 Summary of Retail Market in India and FDI in Indian Retail 3 LITERATURE REVIEW 5 1. Literature Review-1Read MoreAnalysis: The Benefits and Challenges of Improving Intercultural Communication912 Words   |  4 Pages Okoro and Thomas (2012) have written an analysis of the benefits and challenges of improving intercultural communication in international business. Their article functions as an overview of some key issues, and is fairly well-researched, but ultimately treads no new ground. The article first outlines the case for improved intercultural communication, noting that business is becoming increasingly globalized. As nations come together, there is the risk that ventures and deals could fail as the resultRead MoreTerrorism And International Business Research1130 Words   |  5 Pagesof terrorism on international business is a global phenomenon with heightening implications for both theory and practice. This research paper is a novel exploratory study of how international businesses apply past terrorism exposure and experience from operating in risky locati ons to create organizational preparedness and performance resilience to endure future terrorist attacks. The unique firm level research provides a theoretical contribution by building upon n the literature calling from VogusRead MoreTerrorism Is Very Real For Mnes Essay1233 Words   |  5 Pagesterrorism on international business is a global phenomenon with implications for both theory and practice. The research question addressed by this exploratory study is how international businesses apply past terrorism exposure and experience from operating in risky locations to create organizational preparedness and performance resilience to absorb and endure future terrorist attacks. This paper contributes to the international business literature by addressing a gap in the literature how firms canRead MoreEssay on Risk and Return Analysis for Efficient Portfolio Selection 892 Words   |  4 Pagesrelevant beliefs about future performances and ends with the choice of portfolio. The risk to which a company is exposed can be classified into two distinct categories, business and financial risk. According to Rajwade (2000; 303) risk is the uncertainty of outcome, arising from circumstances outside the control of the business, and leading to destabilization of cash flows. Correia et al. (2011; 3-3) states the term risk in financial management, indicates that there is an expectation that thereRead MoreThe Impact Of Terrorism On International Business1268 Words   |  6 PagesOur paper explores the interesting phenomena of terrorism on international business. Grounded in the grave reality of terrorism and the international business literature, our research conceptualizes this compelling topic into a practical model worthy of future research. Unfortunately, the current data does not provide statistical evidence to support the unique firm level predictions from the conceptual model. However, our exploratory research leads us to believe that the lack of sensitivity in ourRead MoreThe Importance Of Online Reviews, Sentiments, And Promotion Strategies880 Words   |  4 PagesSystem from the Nottingham University Business School (NUBS) China. I started to work with Dr. Alain Chong in November 2014. We have been working on several research projects across the year, and I have managed to co-author a research paper with him recently. The paper is entitled ‘Predicting the role of online reviews, sentiments, and promotion strategies in product sales: A big data architecture and neural network approach’ and had been accepted in the International Journal of Operations and ProductionRead MoreEvaluation Of A Research On Management Education1516 Words   |  7 PagesNot† (JME-16-0084-ETR). I have completed the evaluation of your paper by soliciting reviews from three experts, who assessed the potential contribution to management education research. Based on their assessment and mine, I would like to offer a high risk revise and resubmi t for this manuscript. As I understand it from my reading and the reviewers’ comments, the aim of this manuscript is to provide a systematic review of criticality in the management education domain. Like most instructors who aspireRead MoreCritical Success Factors For Enterprise Resource Planning Implementation Success1740 Words   |  7 Pages Introduction This paper is a critical review of the article ‘Critical Success Factors for Enterprise Resource Planning Implementation Success’ which was published in the ‘International Journal of Advances in Engineering Technology’. In this review, the article summary is presented first before an analysis of its structure. The critique of the article then follows, focusing on the author’s authority, the accuracy of the article as a source of information, the currency of the article, its relevance