International business
Encyclopedia : I : IN : INT : International business
International Business is a term used to collectively describe topics relating to the operations of companies with interests in several countries.
Such companies are sometimes called MultiNational Corporations or MNCs. Points of discussion with this topic may include cultural considerations, which itself may include differences in law and legal systems, language barriers, living standards, climate and more. These have to be overcome for a MNC to be successful in an overseas venture.
Well known examples of MNCs include fastfood companies McDonald's and Yum Brands, vehicle manufacturers like General Motors and Toyota, consumer electronics companies like LG, Sony, and General Electric.
MNCs generally have a subsidiary or an interest over a company in the country of venture.
One of the results on the increasing success of International Business ventures is Globalisation.
See also
International Business Study
External Links
- [Export Management]
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