Internationational business management (International Strategies…
Internationational business management
Opportunities and challenges faced when internationalizating business
The opportunities are there for anyone who finds them, they arise from the imbalance of the economy, which the entrepreneur seeks to restore and stimulate
Las oportunidades se crean mediante las acción empresarial, mediante la innovacion o explotacion de algun bien o servicio.
Challenges internationalization business
Establish and define the market in which the strategy will be implemented
Implement an internationalization strategy according to the needs of the company
Opportunities internationalization business
International opportunities have their origin in market knowledge (diversity, depth, institutional), this action employs both approaches to opportunities, therefore innovation must be applied and opportunities in the environment sought
Ethics in international business
Ethics is the pillar that directs a good business strategy, give good social and labor practices, implementing programs to help the population and avoid inequality
Ethics is important to the world since this is how society sees you, you should give good ethical practices to set an example and help the crowds
International Business, International Management, and International Strategy
International management is the process of planning, organization, direction and control of the organization, which managers use to achieve the objectives of the organization when the organization participates in cross-border activities or functions outside their nation.
It is the set of strategies used to generate value or a competitive advantage at international level
It is a business that crosses national borders, that is, that performs activities of exchange of goods and services in other countries.
Managerial decision-making in business internationalization
It is the process in which by making decisions, selects and implements a strategy to maintain or add a competitive advantage in the market
Decision making variables
Willingness to take risk.
Openness of decision
It allows the development of new practices with the implementation of the strategies and starts new internationalization processes
The manager role in the internationalization process
Function of manager
He is a leader in charge of guiding the organization towards the planned strategic vision, has the responsibility of ensuring the interests and stability of the company, also generates bonds of trust with its employees or work groups
The main idea of the topic is to determine the manager as the guide in an internationalization process, based on his ability to build simple models for effective decisions that minimize complex or problematic environments that occur in the organization and his ability to make decisions in a process of selection and implementation of an internationalization strategy to maintain or seek a competitive advantage in the environment.
Regular uncertainty, focused on standardized commercial strategies but with a high growth rate and little use of technology and the market
It is operational development and performance improvement. It is focused on a global vision, but with implementations adapted to local and regional markets.
Great uncertainty, focuses on differentiation business strategy
Little uncertainty, focused on business strategies with a worldwide standardized product