Thursday, July 8, 2010

Introduction



Lufthansa Business Jet is the all Business Class seating plane between Munich and New York. But International Business is not just flying perks for billionaires doing insider trading!

International Business means simply: transactions that involve companies from multiple countries.

-National business: Within 1 country, ex. Sprint
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Regional business: Sometimes within a large country, normally 2+ countries in one continent, ex. Arte, Milke
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International business: 2+ countries, normally implies cross-continent, ex. Mercedes, Coca Cola

International business includes basic resources, employees, production, trade, accounting, technology, communications, media relations, political relations, insurance and many more aspects. We will address international business:

-values
-economics
-culture
-political reations
-technology & media
-globalization

The Industrial Revolution of the 1800's transformed business but the study of International Business did not begin until the 20th century. International Business boomed in the late 1960’s, as did many International Business school programs. The top non-US international business schools according to BusinessWeek are Queens’ University in Ontario Canada, IE Business School Madrid Spain, INSEAD near Paris, London Business School and others.

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