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Essay / Research Paper Abstract
7 pages. Explains some of the managerial tactics necessary in operating a global business. Dealing with some of the numerous differences that will be encountered in international business is just one part of being successful in entering the global marketplace. Bibliography lists 8 sources.
Page Count:
7 pages (~225 words per page)
File: D0_JAintbiz.rtf
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international business is just one part of being successful in entering the global marketplace. INTERNATIONAL BUSINESS The rapidly escalating global economy
is going to impact industry greatly in the next five years. But we must remember that the globalization of an industry depends upon a firms competitive position in one
country being significantly affected by its position in other countries. We find that global industry is not just a collection of domestic industries but a group of linked industries
in which the rivals compete against each other on a worldwide basis. There are inter-country connections. Globalization will be difficult if not possible to consider in the next five
years because even though many worldwide industries are more or less global, it is unlikely all factors an industry is expecting to bring to the table will be able to
be maintained. There are domestic forces to be considered such as political, economic, social and more that could hamper the globalization effect of any international business (Kim 679).
To further emphasize the opinions requested regarding international business, there are several attributes of globalization which need to be pointed out that will
directly impact foreign companies. Because this is at an industry level, any analysis should explain the effect of the composite functions of all the companies within the industrys global
empire. This becomes extremely important because in contrast to the globalization of any individual firm, the globalization of an industry is a complex process dependent upon the activities of
not just one but many firms together. Next there should be a distinguishing factor as to the international links to other countries, and also the measure should reflect the
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