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INTERNATIONAL
BUSINESS
BY
SREEJITH VM
INTRODUCTION
International
business
consists
of
all
commercial
transactionsincluding
sales,
investments,
and
transportationthat take place between two or more
countries
CONTROL SYSTEMS OF IB
1.
GLOBAL BUSINESS
ORGANIZING SYSTEM
Logistic management
Logistics is the process of planning, implementing and
controlling the efficient, cost-effective flow and storage
of raw materials, in- process inventory, finished goods
and related information from point of origin to point of
consumption for the purpose of conforming to customer
requirements
The mission of logistics is to get the right goods or
services to the right place, at he right time, and in the
desired condition and quantity in relation to customers
order
7 PRINCIPLES OF SUPPLY
CHIAN MANAGEMENT
2. INTERNATIONAL
CHANNEL SYSTEM
DIRECT EXPORTING
INDIRECT EXPORTING
The indirect method is more popular with firms which are just
beginning their exporting activities and with those whose export
business is not considerable. 2 alternative channel for indirect
exporting
International middleman
Export merchants
Trading companies
Agents or brokers
Co operative organizations
the co operative exporting organizations which represents a
cross between a direct and indirect export carries on exporting
activities on behalf of several producers and is partially under the
administrative control of the manufacturer
FACTORS INFLUENCING
CHANNEL SELECTION
Product characteristics
Market and customer characteristics
Middleman characteristics
Company characteristics and objectives
Competitors characteristics
Environmental characteristics
DEVELOPING LOGISTICS
STRATEGY
3.
INFORMATION
SYSTEM
4. GLOBAL BUSINESS
CONTROL SYSTEM
INTEGRATION OF
INTERNATIONAL BUSINESS
The term economic integration is a procedure in which
countries work together with one other in order to trim down
or get rid of obstruction to the world wide flow of goods,
labor, resources
The most important advantage associated with economic
integration is trade creation, i.e., the member countries have
broader choice of product, service and provisions not
available earlier obtainable at a comparatively lesser price
subsequent to trade barriers as reduced tariffs or elimination
of tariff to motivate more trade
An economic integration motivates trade emancipation and
result in market place growth , extra savings to the country
and larger dissemination of know-how generates additional
job prospects