Global Business - 1133 Words

Global Business Mark D. Howard BUS 452 F Global Business Professor Benjamin Tolbert Talladega College September 9, 2015 Abstract In this paper I will be discussing the different aspects of Global Business. I will define what is meant by â€Å"Global Business† and also the general international business environment. Today’s great business opportunities, and also the greatest challenges we face, are global in nature and therefore demand leaders who are also global. But what does â€Å"global† really mean? Truly global leaders act as bridge builders, connectors of resources and talent across cultural and political boundaries. They don’t just think and act global, they are global. Global Business Global business refers to international†¦show more content†¦For example, bribery remains widespread in many countries, and while people may not approve of it, they accept it as a necessity of daily life. â€Å"The term â€Å"international business† refers to all those business activities which involve cross-border transactions of goods, services, resources between two or more nations. Transactions of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc.† (Wikipedia) The overwhelming amount of business investment and financial investment takes place between industrial countries. Nearly $80 billion of the $90 billion invested in the U.S. from abroad in 1997 came from Europe, Canada, and Japan. About $72 billion of the $114 billion 1997 foreign investment by U.S. companies went to Europe, Canada, and Japan. In recent years, direct investment in less-developed countries has expanded significantly, doubling between 1990 and 1995, while total U.S. direct investment abroad rose by 65 percent. The trend continued through 1997, a foreign direct investment in Latin America rose significantly. \ Another dimension of globalization is the growth of the international capital market. Financial flows across countries now dwarf the levels of only 10 years ago. Specialized markets, companies, and individuals have created the means by which organizations can manageShow MoreRelatedGlobal Factors Affecting Business1002 Words   |  5 PagesGlobal factors affecting business The way of running the business differs from country to country. The marketing, sales and technical skills are required to increase the productivity of business. 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Some companies when investigated and found guilty of unethical behavior, blame their actions