LOBAL BUSINESS MANAGEMENT DISCUSSION QUESTIONS 1-

Please use 1 page for the discussion question below: The book referenced is Hill, C. International Business: Competing in the Global Marketplace (7th edition).
Irwin/McGraw-Hill.


Module 1 Discussion:

The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms.

Include in your post personal observations as well as concrete examples from the readings to support your views. Initial posts should be several paragraphs, include direct references to the readings, and word choice and sentence structure should be suitable for bachelor level work. Responses to your classmates should be constructive in nature.


Please use 1 page to respond to the below post of the answer:

Small firms within any working environment are always faced with multiple challenges as opposed to larger multinational enterprises. Smaller firms are faced with the competition of being able to stay in the game when put up against a bigger company globally. When we take a closer look at international business, it is much more complicated than domestic business because countries differ in so many ways. Countries have different political, economic, and legal systems. Cultural practices can vary dramatically, as can the education and skill level of the population, and countries are at different stages of economic development. All these differences can and do have major implications for the practice of international business (Hill, 7th edition, p. 42).

Lets take a look at some businesses that are not only thriving within the USA, but also outside of the country as well and of course one business that comes to mind is those  Golden Arches McDonalds, today there are approximately 16,000 of them outside of the US and are flourishing without question. Another one is of course Wal-Mart, I researched this question to see if I can find out how many are outside the US and there are so many that it s unconfirmed. Another one is KFC, it is one of the most successful international businesses in China due to its adaptation and appeal to the Chinese market (Hill, 7th edition, p.6). The Globalization of Production plays a big part in the making of the Boeing 777 a commercial jet liner, where factors of production are major in this creation. Three countries had a hand in helping make this a success along together 30% of this was built by foreign companies.

To sum it all up, I think any business big or small should consider going global because it not only expands their horizon in the industry as to getting their name out there, but it also gives them exposure as to what they have to offer as a company.