Foundations of global business : A systems approach

Asgary, Nader H. (Author). Frutos-Bencze, Dina, author. (Added Author). Samii, Massood, author. (Added Author).

Record details

ISBN: 9781681232683
Physical Description: print
xv, 171 p. ; 25 cm.
Publisher: Charlotte, NC : Information Age Publishing, Inc., 2016.

Content descriptions

Formatted Contents Note:

List of figures -- List of tables -- Acknowledgments -- Introduction: Foundations of glbal business: A systems approach -- Dynamics of Systems in Global Business -- Analysis of International Business: Systems Approach -- Internal--External Systems -- Dynamic Elements of International Business -- System Dynamics Language -- Causal Loop Diagrams -- Chapter Descriptions -- SECTION I Institutional Structure of International Business -- 1. Globalization and Political-Economic Transformation -- Debate on Globalization -- Pros -- Cons -- Globalization and Institutional Factors -- Nongovernmental Organizations (NGOs) -- Challenges of our Generation -- 2. Global System -- Political System -- Economic System -- Transition Economies -- Sociocultural System -- 3. International Trade System -- Global Trade System -- Free Trade -- Trade Theories -- Theory of Absolute Advantage -- Theory of Comparative Advantage -- Factor Proportion Theory -- Benefits of Trade -- Reasons for Government Intervention -- Tariff and Nontariff Barriers' Impacts -- Nontariff Barriers -- International Institution of Free Trade: WTO -- Fair Trade -- Conclusion -- Note -- 4. Economic Integration -- Economic Integration through Regionalization -- Types of Trade Agreements -- Winners and Losers from Economic Integration -- NAFTA -- CAFTA-DR -- Debate -- European Union -- Treaty of Maastricht -- Convergence Criteria -- Key EU Institutions -- European Monetary Institute (EMI) -- European System of Central Banks (ESCB) -- European Central Bank (ECB) -- Major Problems -- 2010 European Sovereign Debt Crisis -- Causes of the Greek Government Funding Crisis -- 5. Global Financial System -- Global Financial Institutions -- International Monetary Fund -- World Bank -- International Banks -- Global Private Investment Funds -- Global Financial Markets -- Foreign Exchange Market -- Spot Exchange Rate -- Exchange Rate Determination -- Supply and Demand for Currency -- Capital Flow -- Complete Exchange Rate Model -- Forward Market -- Global Equity Market -- Global Debt Market -- Impact of the Global Financial System -- Parity Condition -- Purchasing Power Parity (PPP) -- Conclusion -- Note -- SECTION II Firm Level International Business -- 6. International Business Strategy -- Analytical Approach: Tripod Strategy -- Tripod Model Extended -- International Business Strategy: 5 W Model -- Topology of Operational Strategies -- Internalization Theory -- 7. Location Selection -- Choice of Location for Expansion -- Location Selection for a Firm Established in the Country -- Quantitative Indices for Countries -- Ease of Doing Business -- Economic Freedom Index -- Corruption Perception Index -- Clusters as Location -- Dynamics of Location Advantage Change -- Notes -- 8. Internationalization Process of a Firm -- Value Creation Through International Business -- Revenue Enhancing Through a Market Seeking Strategy -- Cost Minimization Through a Resource-Seeking Strategy -- Competitive Positioning -- Following Customers or Suppliers -- Avoiding Government Regulation -- Other Benefits to Internationalization -- Process of Going International -- Export--Import -- Licensing -- Franchising -- Outsourcing and Strategic Alliances -- Joint Venture -- Wholly Owned Subsidiary -- 9. Cross-Cultural Management -- Culture and Global Management -- Defining Culture -- Global Mindset and Managerial Skills -- Personal Integrity and Global Mindset -- Challenges of Operating Globally -- Managing Change in Global Organizations -- Conclusions -- 10. Corporate Social Responsibility and Environmental Sustainability -- Corporate Social Responsibility -- Arguments For and Against Corporate Social Responsibility -- Contemporary Social Issues -- Environmental Issues -- Global Issues -- Technology Issues -- Sustainable Development -- Sustainability Assessment -- Environmental Sustainability -- Criteria for Environmental Sustainability -- Country Level Sustainability -- Sustainability at the Firm Level -- GRI Reporting Framework Dimensions -- References -- About the autors.