The Globalization of Business

The globalization of business is bound to affect you. Not only will you buy products manufactured overseas, but it’s highly likely that you’ll meet and work with individuals from various countries and cultures as customers, suppliers, colleagues, employees, or employers. The bottom line is that the globalization of world commerce has an impact on all of us. Therefore, it makes sense to learn more about how globalization works. Never before has business spanned the globe the way it does today. But why is international business important? Why do companies and nations engage in international trade? What strategies do they employ in the global marketplace? What challenges do companies face when they do business overseas? How do governments and international agencies promote and regulate international trade? Is the globalization of business a good thing? What career opportunities are there for you in global business? How should you prepare yourself to take advantage of them?

Source:Business in a Global Environment from http://2012books.lardbucket.org

Multinational Corporations

A company that operates in many countries is called a multinational corporation (MNC). Fortunemagazine’s roster of the top five hundred MNCs speaks for the strong global position of U.S. business: almost 40 percent are headquartered in the United States, and these U.S. companies make up half the top ten: Wal-Mart (number 1), Exxon Mobil (number 3), General Motors (number 5), Ford (number 8), and General Electric (number 9)

Source: Business in a Global Environment from http://2012books.lardbucket.org

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