International Business
Lýsing:
For undergraduate and postgraduate students taking modules in international business, international strategy and global business practice. Explore and understand international business through practical, theory and analytical frameworks International Business, 8th Edition, by Collinson, Narula and Rugman presents students with data and evidence to map trends, make predictions and take on the role of decision makers in business and governments to enable them to lead organisations with real insight in a complex, global environment.
This textbook connects tried-and-tested theory, analytical frameworks, data and case examples to deliver a comprehensive guide to the subject from authors who keep pace with the ongoing developments in both theory and practice, focusing on the impacts of decisions on both the performance of multinational firms and the societies and economies they work in. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps.
Annað
- Höfundar: Simon Collinson, Alan M. Rugman, Rajneesh Narula, Alan M. Rugman
- Útgáfa:8
- Útgáfudagur: 2020-02-12
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- Format:ePub
- ISBN 13: 9781292274171
- Print ISBN: 9781292274157
- ISBN 10: 1292274174
Efnisyfirlit
- Cover
- International Business
- Pearson
- Title
- Copyright
- Brief Contents
- Contents
- List of Figure and Tables
- Preface
- About the Authors
- Guide to the Case studies
- Publisher’s Acknowledgements
- Frameworks for this Book
- Part One The World of International Business
- Chapter 1
- An Introduction to International Business
- Objectives of the chapter
- Introduction
- What is international business?
- Globalisation
- The outcomes of globalisation
- Understanding interdependence in globalisation
- Regional integration
- Mapping globalisation
- Technology and innovation
- New technologies
- The knowledge-intensive, multi-technology firm
- Socio-political developments
- What are institutions?
- Institutions and supranational agreements
- Globalisation and liberalisation
- Multinational enterprises
- Proto-globalisation and the MNE in historical context
- The industrial revolutions and the growth of private firms
- Foreign direct investment
- Measuring FDI and MNE activity
- MNEs before World War II
- The rise of the modern MNE
- International business in the modern era
- 1950–90: the rise of the triad
- 1990–2017: the rise of new players and forms of activity
- Modularisation, outsourcing and value chains
- The continuing importance of the state-owned enterprise
- Emerging economy MNEs – significant but exaggerated
- Dominance of the triad continues
- Small and medium-sized enterprises
- The fragmented firm: global value chains and production networks
- Outsourcing, offshoring and nearshoring
- Key points
- Key terms
- Notes
- Bibliography
- Chapter 2
- General Frameworks in International Business
- Objectives of the chapter
- Active Learning Case
- Starbucks: a global ‘coffee culture’
- Introduction
- Firm-specific advantages/ownership advantages
- A classification of O advantages
- Location advantages/country-specific advantages
- A classification of L advantages
- International Business Strategy in Action
- US manufacturing: from China to Mexico
- The eclectic paradigm: putting it all together
- Strategic management of MNEs: an introduction
- Steps in the strategic management process
- A framework for global strategies: the FSA–CSA matrix
- The FSA–CSA matrix
- Why firms become MNEs
- How do firms engage in international activities?
- Entry modes
- Non-equity entry modes
- Equity entry modes
- Collaborative agreements/strategic alliances
- International new ventures and ‘born global’ firms
- The international activities of SMEs
- The practical challenges for internationalising SMEs
- International Business Strategy in Action
- Worrying times for Singapore’s SMEs
- How do SME managers know which markets to enter?
- Modes of entry and adaptation for success in foreign markets
- Key points
- Key terms
- Real Cases
- Walmart Inc.
- Back again? IKEA’s re-entry into Japan
- Notes
- Bibliography
- Chapter 3
- Multinational Enterprises, Innovation and Competitiveness
- Objectives of the chapter
- Active Learning Case
- GE Healthcare in India: locally driven innovation
- Introduction
- Trends in innovation at the country and firm level
- The resource-based view (RBV) and the VRIO framework
- Resources and capabilities
- The VRIO framework
- Dynamic capabilities
- Quick learning/incremental learning
- Integration of new assets/radical learning
- Modification and transformation of new organisational assets
- Dynamic capabilities and small firms
- International Business Strategy in Action
- Spreadshirt: open innovation
- Innovation and location advantages
- International dimensions of innovation
- The location of innovation activities in the MNE
- International Business Strategy in Action
- Innovation networks at IBM
- The innovative MNE as a differentiated network
- Key points
- Key terms
- Real Cases
- Canon Group
- R&D at Hewlett-Packard
- Notes
- Bibliography
- Chapter 1
- Chapter 4
- International Politics
- Objectives of the chapter
- Active Learning Case
- How risky is foreign investment in Russia?
- Introduction
- Political ideologies and economics
- Political systems
- Economic systems
- Government control of assets
- International Business Strategy in Action
- Greece: third (bailout) time lucky
- Government–business cooperation
- Japan and EU assistance
- US competitiveness
- Economic integration
- Trade creation and trade diversion
- Levels of economic integration
- Economic integration: an overall perspective
- Ethics, environment, MNEs and the civil society
- International Business Strategy in Action
- Businesses and NGOs work together on climate change
- The European Union (EU)
- Other examples of economic integration
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- How environmental regulations can be used as trade barriers
- Turkish lira in crisis: record low in 2018
- Notes
- Bibliography
- Chapter 5
- International Culture
- Objectives of the chapter
- Active Learning Case
- Cultures clash as big pharma gets bigger
- Introduction
- What is culture?
- The importance of culture in different business contexts
- Culture has always been important
- International Business Strategy in Action
- McDonald’s
- National stereotypes and key dimensions of culture
- Culture at two levels
- Hofstede’s four dimensions of culture
- Trompenaars’ seven dimensions of culture
- The GLOBE project’s nine dimensions of culture
- Applying the national culture frameworks
- ‘The way we do things here’: the implications of cultural differences for organisations and managers
- Cross-cultural management
- Organisation
- Leadership
- Communication
- The corporate response
- Multinational organisation structures: imperialist or independent?
- Culture clash in cross-border M&A and joint ventures
- International Business Strategy in Action
- The collective culture of John Lewis & Partners
- Culture embodied in national institutions
- France: cultural and social characteristics that create a national distinctiveness
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Konami is watching its employees
- Sport can be local and global: Manchester United
- Notes
- Bibliography
- Chapter 6
- International Trade
- Objectives of the chapter
- Active Learning Case
- US—China trade war: battle of the giants
- Introduction
- International trade theory
- Theory of absolute advantage
- Theory of comparative advantage
- Factor endowment theory
- International product life cycle theory
- Other important considerations
- International Business Strategy in Action
- Microsoft shows the world is not flat
- Barriers to trade
- Reasons for trade barriers
- Commonly used barriers
- Tariffs
- International Business Strategy in Action
- Brexit: A sharp lesson in the importance of trade interdependencies
- Non-tariff barriers to trade
- Quotas
- ‘Buy national’ restrictions
- Customs valuation
- Technical barriers
- Anti-dumping legislation, subsidies and countervailing duties
- Agricultural products
- Export restraints
- Other economic developments
- Countertrade
- Trade in services
- Free trade zones
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- China’s Rare Earth Minerals
- Dumping on trade complaints
- Notes
- Bibliography
- Appendix: Balance of payments
- Chapter 7
- International Financial Markets and Institutions
- Objectives of the chapter
- Active Learning Case
- Barclays Bank international financial dealings
- Introduction
- Foreign exchange markets
- Foreign exchange markets in the United States
- Determination of the exchange rate
- Purchasing power parity
- International Fisher effect
- Combined equilibrium relationships
- Other factors determining exchange rates
- Protecting against exchange risk
- Alternatives to minimise exchange risk
- International Business Strategy in Action
- The Big Four
- Foreign money and capital markets
- MNEs and national money markets
- MNEs and national capital markets
- Regional money and capital markets
- The eurocurrency market
- Eurocurrency interest rates
- Other market characteristics
- Criticisms of the euromarkets
- Eurobonds and euroequities
- International Business Strategy in Action
- AngloGold Ashanti
- The IMF system
- Unresolved problems with the IMF system
- MNEs and international financial markets and institutions
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- HSBC
- Slowdown in China: Global financial markets and contagion effects
- Notes
- Bibliography
- Chapter 8
- Multinational Strategy
- Objectives of the chapter
- Active Learning Case
- Vodafone and the triad telecom market
- Introduction
- Strategic orientations
- International Business Strategy in Action
- Tesco at home and abroad
- Strategy formulation
- External environmental assessment
- Internal environmental assessment
- Goal setting
- Strategy implementation
- Location
- International Business Strategy in Action
- Fuji Xerox and Xerox
- Ownership
- Functional strategies
- Control and evaluation
- Common methods of performance measurement
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- 3M
- Social media: Serengetee
- Notes
- Bibliography
- Appendix: Regional aspects of multinationality and performance
- Chapter 9
- Organising Strategy
- Objectives of the chapter
- Active Learning Case
- Procter & Gamble
- Introduction
- Organisation structures
- Early organisation structures
- International Business Strategy in Action
- Sanofi-Aventis
- The international division
- Global organisation structures
- International Business Strategy in Action
- Baker Tilly changes its name to RSM
- Strategic management and organising strategy
- Analysis of key structural variables
- Coordination
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- LVMH: organising luxury products in the international arena
- Maersk Group
- Notes
- Bibliography
- Chapter 10
- Corporate Strategy and National Competitiveness
- Objectives of the chapter
- Active Learning Case
- Worldwide operations and local strategies of ABB
- Introduction
- The single diamond
- Determinants and external variables
- Critique and evaluation of the model
- The double diamond
- Canada and the double diamond
- International Business Strategy in Action
- Nokia and Ericsson: moving beyond mobiles
- Mexico and the double diamond
- Integration and responsiveness
- Integration versus national responsiveness
- International Business Strategy in Action
- Renewed advantage through vertical integration at Floreal Knitwear
- Balancing the trade-offs
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- The global beer industry: decline and growth at the same time?
- IBM
- Notes
- Bibliography
- Chapter 11
- Production Strategy
- Objectives of the chapter
- Active Learning Case
- GE production: from Six Sigma to the GE Store
- Introduction
- Research, development and innovation
- Speed-to-market
- Generation of goods and services
- Global sourcing
- International Business Strategy in Action
- H&M learning from Zara
- Manufacturing of goods
- International Business Strategy in Action
- Magna International Inc.
- Developing a strong service orientation
- International logistics
- Transportation
- Packaging
- Storage
- Different kinds of global production systems
- Strategic management and production strategy
- Technology and production design
- Continuous improvement
- Productivity
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Flextronics
- Nike
- Notes
- Bibliography
- Chapter 12
- Marketing Strategy
- Objectives of the chapter
- Active Learning Case
- Adidas: promoting a global sports brand
- Introduction
- International market assessment
- Initial screening: basic need and potential
- Second screening: financial and economic conditions
- Third screening: political and legal forces
- Fourth screening: socio-cultural forces
- Fifth screening: competitive environment
- Final selection
- Product strategies
- Little or no modification
- Moderate to high modification
- International Business Strategy in Action
- Weeby buys Tappy
- Promotion
- Nature of the product
- Advertising
- International Business Strategy in Action
- The 2018 retail crisis catches up with Marks & Spencer
- Personal selling
- Pricing
- Government controls
- Market diversity
- Currency fluctuations
- Price escalation forces
- Place
- Different distribution systems
- Choosing the best distribution system
- Strategic management and marketing strategy
- Ongoing market assessment
- Internet marketing and ‘open innovation’
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Bang & Olufsen
- Mirum – never lose your sense of wonder!
- Notes
- Bibliography
- Chapter 13
- Human Resource Management Strategy
- Objectives of the chapter
- Active Learning Case
- The Coca-Cola Company thinks local
- Introduction
- Selection and repatriation
- International screening criteria and selection procedures
- Repatriation of expats
- Training and development
- Types of training
- International Business Strategy in Action
- The glass ceiling
- Compensation
- Common elements in an international compensation package
- Compensation trends and comparisons
- Labour relations
- Labour relations practices
- International Business Strategy in Action
- Primark: putting global stakeholders first
- Industrial democracy
- Strategic management and IHRM strategies
- Language training
- Cultural adaptation
- Competitive compensation
- Specially designed HRM programmes
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- India’s role in the global offshoring economy
- Executive search firms
- Notes
- Bibliography
- Chapter 14
- Political Risk and Negotiation Strategy
- Objectives of the chapter
- Active Learning Case
- Nestlé in Nigeria
- Introduction
- Generic PEST analysis
- Political risk
- Deregulation and political risk
- The nature of political risk
- Sources of political risk
- Country analysis and political risk assessment
- Online risk information resources
- Quantifying risk vulnerability
- Accounting for country risk
- Negotiation strategies
- Behavioural characteristics of the participants in negotiations
- International Business Strategy in Action
- From riches to rags: the decline of the Venezuelan oil industry
- International Business Strategy in Action
- Intel effect
- Transparency and corruption: politically sensitive political risk
- Strategic management and political risk
- Use of integrative and protective/defensive techniques
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Huawei accused of spying
- Problems with ports
- Notes
- Bibliography
- www resources
- Chapter 15
- International Financial Management
- Objectives of the chapter
- Active Learning Case
- Financial transparency at Siemens
- Introduction
- Determining parent–subsidiary relationships
- Polycentric solution
- Ethnocentric solution
- Geocentric solution
- Managing global cash flows
- Internal funds flows
- Funds positioning techniques
- Multilateral netting
- International Business Strategy in Action
- Worldwide tax havens
- Managing cash
- International Business Strategy in Action
- Sovereign wealth funds
- Exchange risk management
- Transaction risk
- Translation risk
- Economic risk
- An example of exchange risk management
- Developing forecasting and reporting systems
- Capital budgeting in the MNE
- Use of NPV
- Institutional features
- International financing in the MNE
- Financial structure
- Control: identifying objectives, evaluating affiliate performance and making performance consistent with goals
- Strategic international finance
- Establishing overseas operations
- Reducing financial risk
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Carillion’s collapse
- M-Pesa: Kenya’s mobile money service leapfrogging traditional banks
- Notes
- Bibliography
- Chapter 16
- European Union
- Objectives of the chapter
- Active Learning Case
- Brexit troubles for Jaguar Land Rover
- The EU: origins and environment
- Emergence of a Single European Market
- Productivity and competitiveness: how does the EU compare?
- International Business Strategy in Action
- VW diesel dispute
- Accessing and adapting to EU markets
- Strategic acquisitions and alliances
- Marketing considerations
- International Business Strategy in Action
- The future is Orange
- Producing products and services in the EU
- Management considerations
- Barriers to EU market access
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Accor budget hotels
- Carrefour
- Notes
- Bibliography
- Chapter 17
- Japan
- Objectives of the chapter
- Active Learning Case
- Doing business in Japan
- Introduction
- Political, social and cultural characteristics
- A traditionally strong government role in the economy
- Distinctive cultural characteristics
- Economy and business
- Japan and China: the new Asian powerhouse?
- Business characteristics
- Manufacturing strengths
- Strong applied R&D
- Keiretsu
- International Business Strategy in Action
- Kirin Beer goes international
- Distribution, retailing and customer orientation
- Japanese corporations
- A changing nation
- Restructuring capital markets
- Deregulation, increased M&A and inward FDI
- International Business Strategy in Action
- Walmart takes Seiyu
- Restructuring corporations
- The decline of manufacturing and distribution keiretsu
- The growth of outward FDI and offshore manufacturing
- The decline of lifetime employment and changing HRM practices
- Diversification strategies
- Conclusions
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Renault, Nissan and Mitsubishi Alliance: no pain, no gain
- Sony – diversifying into the automobile industry?
- Notes
- Bibliography
- www resources
- Chapter 18
- North America
- Objectives of the chapter
- Active Learning Case
- FTA, NAFTA and CUSMA
- Introduction
- Canada
- Canada’s economy
- Differences in the business environment
- International Business Strategy in Action
- Air Canada’s bid for consolidation
- Canada’s multinationals
- Business opportunities in Canada
- Franchising
- Mexico
- Mexico’s economy
- Mexico, NAFTA and CUSMA
- Regional trade agreements
- Doing business in Mexico
- International Business Strategy in Action
- Mexico’s tomatoes
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- Jumex of Mexico
- GlaxoSmithKline in the United States
- Notes
- Bibliography
- Chapter 19
- Emerging Economies
- Objectives of the chapter
- Active Learning Case
- Acer Taiwan goes international
- Introduction
- Triad firms and emerging economy firms: why the mutual attraction?
- An overview of emerging economies, by region
- Asia-Pacific and the Middle East
- Central and eastern Europe
- Latin America and the Caribbean
- Africa
- International Business Strategy in Action
- From Oserian to Tesco: the Kenyan cut flower industry
- Shifting patterns of comparative and competitive advantage
- Flying Geese model
- Emerging economies as sources of innovation
- Market access to the triad
- International Business Strategy in Action
- Korean chaebols: Hyundai and Samsung
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- The Indian IT, software and services industry
- Bumrungrad International in Thailand
- Notes
- Bibliography
- www resources
- Chapter 20
- China
- Objectives of the chapter
- Active Learning Case
- Oxford Instruments in China
- Introduction
- Unprecedented scale, scope and speed of growth
- The role of government
- MNE investment into China
- International Business Strategy in Action
- Airbus secures a deal with China
- Foreign R&D investment
- Getting into China
- Outward investment and the new multinationals from China
- International Business Strategy in Action
- Alibaba steps up to global competition
- Key points
- Key terms
- Review and discussion questions
- Real Cases
- China’s One Belt One Road
- Nanjing Auto makes the MG
- Notes
- Bibliography
- www resources
- Glossary
- Index
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- Gerð : 208
- Höfundur : 8182
- Útgáfuár : 2020
- Leyfi : 380