Defining international business and trade

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Use information and literature from a range of (guided) sources to present an
understanding of the context of international business.
Title: Discuss the following using examples from theory and practice:
1. What is international business and trade in practice?
2. To what extent are we in a globalised world – explain your views
3. What industry trends are the most important, and why?
Word Count: 600
Learning outcome: Explain internal and external considerations of international business from an organisational
perspective.
Title: Provide a detailed review of the internal and external factors of international business practice
highlighting how organisations may need to adapt their processes and procedures in different countries in
which they trade. Use specific company examples and theory to demonstrate this.
Word Count: 600
Learning outcome: Use theory and management principles to summarise and evaluate the challenges of
international business based on appropriate references.
Title: Select one of the three major challenges explored in the module and provide an in-depth review of that
challenge for a company of your choice.Include the following;
1. Explanation of challenge using theory and its relevance to the company chosen.
2. Compare and contrast the organsiations management of that challenge across contrasting countries* in
which it operated.
*contrasts can include differing cultures, political, economic, and other factors

 

Sample Solution

Defining international business and trade

International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national borders. International trade is the exchange of capital, goods, and services across international borders or territories. How globalized is the world? The Global Connectedness Index (GCI) measures both depth and breadth of globalization, thus looking, at the proportion of international activities, and how broadly these activities are distributed. Contrary to the widely accepted perception of how wide-spread globalization is, the latest GCI data (2014 report) suggests that the global connectedness is much more limited than many of us think. As for the breadth of globalization, its extent also seems to be quite limited. We truly do travel, trade and communicate across borders, but we do not make it much further than to our close neighbors.

wo is Enough Picture Book/Realistic Fiction
Matthies, J., & Mourning, T. (2015). Two is Enough. Running Press.
Two is Enough is a simple rhyming text with illustrations that follows different types of families made up of just two. Without using the word family or relationship specifics like mom, dad, parent or grandparent this book shows adult/child relationships using a variety of cultures, ages and genders. Using a range of small family dynamics like a father and son, father and daughter, grandmother and grandson and mother and daughter, it shows them doing everyday things together and things like playing in the snow, rainy-day rides, double scoop treats and playing in leaves. Two is Enough shows thriving one-parent families and lots of attention for the child. Two is perfect in the winter for riding bikes on a rainy day, shopping at the market and having a fun birthday celebration. Two is perfect in spring too when planting seeds or picking bouquets. In the summer, two is just right for ice cream treats and building sand castles. When fall arrives, two is right for crashing in leaves, carving pumpkins and roasting marshmallows. Two is just right the whole year long. Two is definitely enough for a warm family, full of love, support and comfort that every child needs. There is nothing that a loving family of two cannot do!

My Ol’ Man Picture Book/Nonfiction
Polacco, P. (1999). My Ol’ Man. Puffin Books.
My Ol’ Man is a book about the authors father and the stories he used to tell her and her brother. He was always telling stories and the best one is about the magic rock. Along with her father, brother and Gramma they are going through a tough time but together as a family they believe something magical will happen to help their family. They believe the magic is in a rock and at the end of the story they realize the magic was deep within themselves. Her father is a traveling salesman from Michigan. She goes to visit him in the summer because her parents are newly divorced, and Trisha and her older brother Richie look forward to their ol’ man’s many stories after his return from work each day. One day he tells them about a very special, magical rock that he found on his travels and takes them to see it. Both Trisha and Richie are convinced of its powers of enchantment, but when their ol’ man loses his job, will the magic from the rock be enough to help their family? They believed the rock was the solution to everything and after their ol’ man got fired and was going to have to sell his car they all went out to the magic rock and waited for good things to happen. The car never did sell but he was offered a position on the radio and didn’t have to sel

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