There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005) There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005)
Describe the driving business forces in both the foreign and domestic environment
Domestic Business Environment refers to business conducted within an organization's base country such as businesses who operate in the USA.
"Domestic" refers to business within a company's home country.
Forces in the foreign environment might be the same, but the laws regarding employment are different. This is what allows businesses to operate differently in foreign lands.
A domestic environment is something that we use in dailly life:eg:phonepencomputer
Domestic business is a business that was founded in the country and stays in the country like for example Texas has HEB which is domestic because its only in Texas but Mcdonalds would be international because its everywhere
Describe the driving business forces in both the foreign and domestic environment
Domestic Business Environment refers to business conducted within an organization's base country such as businesses who operate in the USA.
"Domestic" refers to business within a company's home country.
I didnt get any question to answer.
No, the domestic macro economic environment doesn't impact each business the same way. Since businesses have different business models, the results of the macro economic environment depends on the business.
Forces in the foreign environment might be the same, but the laws regarding employment are different. This is what allows businesses to operate differently in foreign lands.
A domestic environment is something that we use in dailly life:eg:phonepencomputer
Domestic business is a business that was founded in the country and stays in the country like for example Texas has HEB which is domestic because its only in Texas but Mcdonalds would be international because its everywhere
what are the characteristics of domestic trading
The macroenvironment refers to the external factors that can impact an organization's performance and strategies. These factors include economic conditions, political influences, technological advancements, social trends, and legal regulations. Understanding the macroenvironment is important for organizations to adapt and thrive in a changing business environment.
mayonaise
international business (involves export and import), multinational business (adaptive, product suited to local/host market), global(coordinated product offering) and transnational business (different functional heads in different countries).