BU 406 International Business
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International business deals with any situation where the production or distribution of goods or services crosses national borders. Globalization - the shift towards a more interdependent and integrated global economy - has created more opportunities for international business. Such globalization can occur in the marketplace, trade barriers fall, and consumer preferences change. From the production side, it is also seen that a company can easily purchase goods and services from other countries/regions. As suggested in the case of Google, some managers believe that the definition of international business is related solely to "business". However, in a world that goes beyond simple industrial manufacturing, the broader definition of international business may be better served to provide you with personal and professional services. This broader definition of international business also includes commercial cross-border transactions and transactions motivated by non-financial benefits that affect the future of the company (for example, triple profit, corporate social responsibility and political preference).
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