Compiled by Tello Richard Emai: Call/WhatsApp +27717513144
DISCLAIMER
The study pack is centred on INT4801 notes. It is a product of internal and external
research that includes the study guide, prescribed text books and other authentic
external sources. It is therefore, advised for students not to share it as it is for the
benefit of up-to date paying students for financial intelligence group. For clarity,
students are free to call on the provided number and/ email.
0717513144 Page 1
, Compiled by Tello Richard Emai: Call/WhatsApp +27717513144
Definition of International Business.
International Business (IB) is a new phenomenon that has been brought to the fore by
changes in global activities.
These changes have brought new opportunities as well as challenges to socio-
economic environment in the business world.
International Business has been researched and defined in many ways by different
authors and we shall look in some of these definitions.
The acceleration of cross-border flow of products, services, capital, ideas, technology
and people across the globe according to Knight (2014).
In other definition, Luo and Shenkar (2008), argues that International Business is not
ethnocentric as postulated by other authors.
Ghemawat (2008) in his journal illustrated that, international business is today`s trade/
economic blood.
Guillen (2015) also argues that, international business as economic activities that take
place across the boundaries of nations.
All the above definitions have been used by many academicians as they suit different
aspects of the business world.
Therefore, academicians may use any of the above definitions and be able to explain
giving practical examples.
Change factors in International Business.
International business has been pushed by a lot of factors.
These factors are different in nature, ie some are economic, political, legal among
others.
Let us look into some of these factors.
i. Global climate change.
As of late, global climate change has been an agenda in many business summits.
Companies are being pushed from nation to nation due to stringent policies being
implemented by authorities as a way of reducing climate and environment damage.
This has come in form of higher omission penalties such as higher taxes, certain
environmental rules and regulations.
Some of these policies include;
0717513144 Page 2
DISCLAIMER
The study pack is centred on INT4801 notes. It is a product of internal and external
research that includes the study guide, prescribed text books and other authentic
external sources. It is therefore, advised for students not to share it as it is for the
benefit of up-to date paying students for financial intelligence group. For clarity,
students are free to call on the provided number and/ email.
0717513144 Page 1
, Compiled by Tello Richard Emai: Call/WhatsApp +27717513144
Definition of International Business.
International Business (IB) is a new phenomenon that has been brought to the fore by
changes in global activities.
These changes have brought new opportunities as well as challenges to socio-
economic environment in the business world.
International Business has been researched and defined in many ways by different
authors and we shall look in some of these definitions.
The acceleration of cross-border flow of products, services, capital, ideas, technology
and people across the globe according to Knight (2014).
In other definition, Luo and Shenkar (2008), argues that International Business is not
ethnocentric as postulated by other authors.
Ghemawat (2008) in his journal illustrated that, international business is today`s trade/
economic blood.
Guillen (2015) also argues that, international business as economic activities that take
place across the boundaries of nations.
All the above definitions have been used by many academicians as they suit different
aspects of the business world.
Therefore, academicians may use any of the above definitions and be able to explain
giving practical examples.
Change factors in International Business.
International business has been pushed by a lot of factors.
These factors are different in nature, ie some are economic, political, legal among
others.
Let us look into some of these factors.
i. Global climate change.
As of late, global climate change has been an agenda in many business summits.
Companies are being pushed from nation to nation due to stringent policies being
implemented by authorities as a way of reducing climate and environment damage.
This has come in form of higher omission penalties such as higher taxes, certain
environmental rules and regulations.
Some of these policies include;
0717513144 Page 2
