Book description
For courses in international business.
A modern approach to international business
International Business: The New Realities, 5th Edition caters to a post-millennial student audience, the most diverse and educated generation to date. The book connects to students of the technological age, facing a diverse and evolving economic environment fueled by the internet and multimedia sources. The authors understand and speak to what motivates this group, also known as Generation Z -- their reliance on technology, their drive towards achievement and helping their communities, and their desire to obtain skills they can apply towards meaningful jobs. By addressing their interests and issues such as the competitive job market and challenges faced by advanced economies, the text engages students in the material and preps them for successful careers in international business.
Table of contents
- International Business The New Realities
- International Business The New Realities
- Dedicated to...
- Brief Contents
- Contents
- Preface
- Our Reviewers
- Focus Group Participants
- Our Colleagues, Doctoral Students, and Practitioners
- Contributors
- Our Pearson Team
- About the Authors
-
Part 1 Foundation Concepts
-
Chapter 1 Introduction: What Is International Business?
- Learning Objectives
- Instagram: A Global Phenomenon
- What Are the Key Concepts in International Business?
- How Does International Business Differ from Domestic Business?
- Who Participates in International Business?
- Why Do Firms Internationalize?
- Why Study International Business?
- CKR Career Preparation Kit: Tangible Process Tools and Travel Abroad Preparation Checklist
- End-of-Chapter Review
-
Chapter 2 Globalization of Markets and the Internationalization of the Firm
- Learning Objectives
- Spotify and the Rise of Born Global Firms
- Market Globalization: Organizing Framework
- Driving Forces of Globalization
- Technological Advances and Globalization
- Dimensions of Market Globalization
- Firm-Level Consequences of Market Globalization: Internationalization of the Firm’s Value Chain
- Societal Consequences of Globalization
- End-of-Chapter Review
-
Chapter 1 Introduction: What Is International Business?
-
Part 2 The Environment of International Business
- Chapter 3 The Cultural Environment of International Business
-
Chapter 4 Ethics, Corporate Social Responsibility, Sustainability, and Governance in International Business
- Learning Objectives
- CSR and Sustainability at Coca-Cola
- Ethical Behavior and Its Importance in International Business
- Ethical Challenges in International Business
- Corporate Social Responsibility
- Sustainability
- The Role of Corporate Governance
- A Framework Tool for Making Ethical Decisions
- End-of-Chapter Review
- Chapter 5 Theories of International Trade and Investment
-
Chapter 6 Political and Legal Systems in National Environments
- Learning Objectives
- Risks in Brazil’s Political and Legal Systems: Odebrecht
- Political and Legal Environments in International Business
- Political Systems
- Legal Systems
- Participants in Political and Legal Systems
- Types of Country Risk Produced by Political Systems
- Types of Country Risk Produced by Legal Systems
- Managing Country Risk
- End-of-Chapter Review
-
Chapter 7 Government Intervention and Regional Economic Integration
- Learning Objectives
- India’s Transformation to a Liberal Economy
- The Nature of Government Intervention
- Instruments of Government Intervention
- Evolution and Consequences of Government Intervention
-
How Firms Can Respond to Government Intervention
-
Strategies for Managers
- Research to Gather Knowledge and Intelligence
- Choose the Most Appropriate Entry Strategies
- Take Advantage of Foreign Trade Zones
- Seek Favorable Customs Classifications for Exported Products
- Take Advantage of Investment Incentives and Other Government Support Programs
- Lobby for Freer Trade and Investment
-
Strategies for Managers
- Regional Integration and Economic Blocs
- Leading Economic Blocs
- Advantages and Implications of Regional Integration
- End-of-Chapter Review
-
Chapter 8 Understanding Emerging Markets
- Learning Objectives
- New Global Challengers: Top Firms from Emerging Markets
- Advanced Economies, Developing Economies, and Emerging Markets
- What Makes Emerging Markets Attractive for International Business?
- Assessing the True Potential of Emerging Markets
- Risks and Challenges of Emerging Markets
- Success Strategies for Emerging Markets
- Corporate Social Responsibility, Sustainability, and the Crisis of Global Poverty
- End-of-Chapter Review
-
Chapter 9 The International Monetary and Financial Environment
- Learning Objectives
- The European Union and the Euro
- Exchange Rates and Currencies in International Business
- How Exchange Rates Are Determined
- Emergence of the Modern Exchange Rate System
- The Monetary and Financial Systems
- Key Players in the Monetary and Financial Systems
- The Global Debt Crisis
- End-of-Chapter Review
- Chapter 10 Financial Management and Accounting in the Global Firm
-
Part 3 Strategy and Opportunity Assessment
-
Chapter 11 Strategy and Organization in the International Firm
- Learning Objectives
- IKEA: Global Retailing Success Story
- Strategy in International Business
- Building the Global Firm
- The Integration-Responsiveness Framework
- Strategies Based on the Integration-Responsiveness Framework
- Organizational Structure in International Business
- Foreign Market Entry Strategies
- End-of-Chapter Review
-
Chapter 12 Global Market Opportunity Assessment
- Learning Objectives
- Estimating Demand in Emerging Markets
- Analyzing Organizational Readiness to Internationalize
- Assessing the Suitability of Products and Services for Foreign Markets
- Screening Countries to Identify Target Markets
- Assessing Industry Market Potential
- Choosing Foreign Business Partners
- Estimating Company Sales Potential
- End-of-Chapter Review
-
Chapter 11 Strategy and Organization in the International Firm
-
Part 4 Entering and Working in International Markets
-
Chapter 13 Exporting and Global Sourcing
- Learning Objectives
- Exporter’s Dogged Pursuit of International Customers
- Exporting as a Foreign Market Entry Strategy
- Managing Export-Import Transactions
- Identifying and Working with Foreign Intermediaries
- Outsourcing, Global Sourcing, and Offshoring
- Benefits, Risks, and Responsibilities of Global Sourcing
- Global Sourcing Strategies and Supply-Chain Management
- End-of-Chapter Review
-
Chapter 14 Foreign Direct Investment and Collaborative Ventures
- Learning Objectives
- Huawei Invests in Africa
- International Investment and Collaboration
- Characteristics of Foreign Direct Investment
- Motives for FDI and Collaborative Ventures
- Types of Foreign Direct Investment
- International Collaborative Ventures
- The Experience of Retailers in Foreign Markets
- End-of-Chapter Review
-
Chapter 15 Licensing, Franchising, and Other Contractual Strategies
- Learning Objectives
- The Magic of Licensing: Harry Potter
- Contractual Entry Strategies
- Licensing as an Entry Strategy
- Advantages and Disadvantages of Licensing
- Franchising as an Entry Strategy
- Advantages and Disadvantages of Franchising
- Other Contractual Entry Strategies
- Infringement of Intellectual Property: A Global Problem
- End-of-Chapter Review
-
Chapter 13 Exporting and Global Sourcing
-
Part 5 Functional Area Excellence
-
Chapter 16 Marketing in the Global Firm
- Learning Objectives
- Michael Kors: The Global Affordable Luxury Market
- Global Market Segmentation
- Standardization and Adaptation of International Marketing
- Global Branding and Product Development
- International Pricing
- International Marketing Communications
- International Distribution
- End-of-Chapter Review
-
Chapter 17 Human Resource Management in the Global Firm
- Learning Objectives
- International Human Resource Management at Google
- The Strategic Role of Human Resources in International Business
- International Staffing Policy
- Preparation and Training of International Employees
- Performance Appraisal and Compensation of International Employees
- International Labor Relations
- Diversity in the International Workforce
- End-of-Chapter Review
-
Chapter 16 Marketing in the Global Firm
- Glossary
- Author Index
- Company Index
- Subject Index
Product information
- Title: International Business: The New Realities, 5th Edition
- Author(s):
- Release date: January 2019
- Publisher(s): Pearson
- ISBN: 9780136763017
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