5 Questions
Which types of transactions are considered part of global business?
Import export trade and foreign direct investment (FDI)
What are some key trends shaping the business landscape as of September 2021?
Digital Transformation, Remote Work, Ecommerce
What is the impact of the COVID-19 pandemic on remote work?
It accelerated the adoption of remote work
What is the purpose of digital transformation in businesses?
To improve operations and enhance customer experiences
What work model has become more common due to the adoption of remote work?
Hybrid work models
Study Notes
Global Business Transactions
- Exporting and importing of goods and services
- Foreign direct investment (FDI) in a business or real estate
- Licensing and franchising agreements
- Management contracts and outsourcing
- International strategic alliances and partnerships
Business Landscape Trends (as of September 2021)
- Growing importance of technological advancements and digitalization
- Increasing focus on sustainability and environmental, social, and governance (ESG) considerations
- Rising popularity of remote work and virtual teams
- Growing need for businesses to adapt to changing global circumstances and market trends
Impact of COVID-19 on Remote Work
- Accelerated shift to remote work due to pandemic restrictions and lockdowns
- Increased adoption of digital communication and collaboration tools
- Changes in employee behavior, with more emphasis on work-life balance and flexibility
- New challenges for businesses, including maintaining productivity, security, and employee engagement
Digital Transformation in Businesses
- Integration of digital technology into all areas of business, including operations, products, and services
- Aim to improve efficiency, reduce costs, and enhance customer experiences
- Involves cultural and organizational changes, as well as technology adoption
Work Model Trends
- Hybrid work model, combining remote and in-person work, has become more common due to the adoption of remote work.
Test your knowledge on global trends in business with this quiz! Explore topics like international transactions, cross-border operations, and the objectives of individuals, companies, and organizations in the global business landscape. Challenge yourself and see how well you understand the interrelated forms of global business!
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