International business assignment help
With the increasing of globalization of the world economy, there has been also a concomitant rise in the number of companies that operate globally. The international business concept has been arises since the time of the East India Company and continued till the early decades of the 20th century, even there was a little break in the international expansion of companies because of the Two World Wars. But after that, there was a sudden move towards internationalizing the operations of multinational companies.
The ideology of International Business, which started in the early 1970s gradually, became a major force to reckon with in the 1980s and became the norm in the 1990s. The result of all this was the sudden and vast expansion of global companies across the world.
The growing of international businesses in respect of scope and size to the point where at the moment; but the global economy is dominated by multinationals from all countries in the world.Now, the western corporations have expanded to include companies even from the East (from countries like India and China). From this we can examines the main motive of international businesses in a different aspects like the characteristics of international business, their effect on the local, target economies, and in what ways and means with which they would have to operate and succeed in the global competition for ideas and profits.
This is the time when many third world countries like USA, China and so on are liberalizing and opening up their economies, can be no better time than now for international businesses. The countries which have been suffered or suffering from manycrises that has dealt a severe blow to the global economy.
At last but not the least, international businesses need to ensure that they have a set of operating procedures and norms that are sensitive to the local culture and customs and they also stick to their brand that has been developed for global markets. In conclusion, international businesses are facing the best of times and the worst of times together.