Podcast
Questions and Answers
What is the definition of international?
What is the definition of international?
What is the effect of globalization on international business according to the text?
What is the effect of globalization on international business according to the text?
Where does globalization take place according to the text?
Where does globalization take place according to the text?
What is the definition of strategy?
What is the definition of strategy?
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What best defines strategic management?
What best defines strategic management?
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What is the primary focus of entrepreneurship?
What is the primary focus of entrepreneurship?
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Which of the following is a key characteristic of an entrepreneur?
Which of the following is a key characteristic of an entrepreneur?
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What is the primary aim of stakeholder theory?
What is the primary aim of stakeholder theory?
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Which of the following is considered a stakeholder?
Which of the following is considered a stakeholder?
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What can enhance one's understanding of international business?
What can enhance one's understanding of international business?
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Study Notes
International Business
- Involves two or more nations/countries.
Globalization and International Business
- Creates greater opportunities for international business due to:
- Falling trade barriers
- Changing buyer preferences
Strategy and Strategic Management
- A central, integrated, and externally oriented concept aimed at achieving an organization's performance objectives.
- Strategic management is the body of knowledge that answers questions about developing and implementing good strategies.
Entrepreneurship
- Recognizing opportunities
- An entrepreneur is a person who engages in entrepreneurship.
Stakeholders and Stakeholder Theory
- A stakeholder is an individual involved in or affected by a course of action.
- Stakeholder theory examines the connection between:
- Stakeholder legitimate interests
- Stakeholder management practices
- The achievement of an organization's goals
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Description
Explore the impact of globalization on international business and the concept of strategic management. Test your knowledge on how globalization affects markets and creates opportunities for organizations to achieve their objectives through strategic planning.
