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Full Description
This textbook is designed to help students recognize and analyze key issues in global business by bridging theory with real world applications. Divided into three parts, it explores critical aspects of global business, introducing readers to relevant topics, and examining core concepts and their applications through about 40 case studies.
Since the first edition was published in 2017, the global business landscape has undergone profound transformations, reshaping how companies operate, compete, and innovate. This new edition incorporates critical developments in the aftermath of the COVID-19 pandemic to provide leaders with a comprehensive understanding of today's global business environment.
New and updated case studies illustrate the magnitude and complexity of global business, highlighting the roles of various stakeholders. In addition to insights on emerging markets, this edition sheds a new light on reglobalization, economic nationalism and geopolitical tensions, technological innovation and digital transformation, and sustainability, enabling readers to stay informed about ever-evolving trends. By demonstrating how theories and concepts work in real-world business settings, this book provides readers with the essential tools to analyze and respond to global business challenges effectively. Undergraduate students looking for an introduction to international business and graduate students looking to apply their knowledge will find Global Business stimulating, since it demonstrates how theories and concepts work in real-world business settings.
Contents
Part I: The Content of Global Business 1. Globalization: Current Status and Future Prospect 2. Trade: Rhetoric and Practice 3. Foreign Direct Investment Part II: The Context of Global Business 4. Political and Legal Environment 5. Economic and Technological Environment 6. Social and Cultural Environment 7. Sustainable Business Environment: Corporate Social Responsibility and Business Ethics 8. Foreign Exchange Market and International Monetary System Part III: Managing Global Business 9. Managing Entry and Exit Decisions 10. Managing People: Global Talent Management 11. Managing Money: Finance, Accounting, and Taxation 12. Managing Operations: R&D, Production, and Supply Chain 13. Managing Customers: Marketing and Sales