International Business

International Business

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Instructions

International Business

International business refers to business activities that take place across national borders, involving the exchange of goods, services, and ideas between individuals, companies, and governments from different countries. It has become increasingly important in the modern world as globalization has led to greater interdependence among nations and the emergence of a global economy.

 

International business can take many forms, such as exports and imports, foreign direct investment, joint ventures, licensing agreements, and franchising. Companies engage in international business for a variety of reasons, such as accessing new markets, reducing costs, acquiring resources, diversifying their operations, and enhancing their competitiveness.

 

One of the biggest challenges in international business is dealing with cultural differences. Companies must adapt their products, services, and marketing strategies to fit the local culture, language, and customs of the countries in which they operate. Failure to do so can lead to misunderstandings, miscommunications, and even offense, which can harm the company’s reputation and bottom line.

 

Another challenge in international business is dealing with legal and regulatory issues. Each country has its own laws, regulations, and standards that companies must comply with. These can include rules related to taxation, employment, intellectual property, and environmental protection. Companies must navigate these legal and regulatory landscapes carefully to avoid legal disputes, fines, and penalties.

 

International business also involves managing risks. Companies must assess and manage risks related to political instability, currency fluctuations, supply chain disruptions, natural disasters, and other factors that can impact their operations. They must also develop contingency plans and risk management strategies to mitigate potential threats to their business.

 

In conclusion, international business is a complex and dynamic field that requires companies to navigate cultural, legal, and regulatory differences while managing risks and adapting to changing market conditions. However, successful engagement in international business can lead to increased profitability, access to new markets and resources, and enhanced competitiveness in the global economy.

International Business

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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