Global 4 : global business

PART I: LAYING FOUNDATIONS.1. Globalizing Business.2. Understanding Politics, Laws, & Economics.3. Emphasizing Cultures, Ethics, & Norms.4. Leveraging Resources & Capabilities.PART II: ACQUIRING TOOLS.5. Trading Internationally.6. Investing Abroad Directly.7. Dealing with Foreign Exchange.8. Capitalizing on Global & Regional Integration.PART III: MANAGING AROUND THE WORLD.9. Growing & Internationalizing the Entrepreneurial Firm.10. Entering Foreign Markets.11. Making Alliances & Acquisitions Work.12. Strategizing, Structuring, & Learning Around the World.PART IV: BUILDING FUNCTIONAL EXCELLENCE13. Managing Human Resources Globally.14. Competing on Marketing & Supply Chain Management15. Managing Corporate Social Responsibility Globally. Cover 1 About the Author 6 Brief Contents 8 Contents 9 Part 1: Laying Foundations 15 Chapter 1: Globalizing Business 15 1-1 What Is Global Business? 17 1-2 Why Study Global Business? 19 1-3 A Unified Framework 20 1-4 What Is Globalization? 23 1-5 A Glance at the Global Economy 28 1-6 Organization of the Book 29 Study Tools 1 31 Chapter 2: Understanding Politics, Laws, & Economics 33 2-1 Understanding Institutions 35 2-2 What Do Institutions Do? 36 2-3 An Institution-Based View of Global Business 36 2-4 Political Systems 37 2-5 Legal Systems 41 2-6 Property Rights and Intellectual Property Rights 42 2-7 Economic Systems 43 2-8 Management Savvy 45 Study Tools 2 47 Chapter 3: Emphasizing Cultures, Ethics, & Norms 49 3-1 Where Do Informal Institutions Come From? 50 3-2 Culture 51 3-3 Classifying Cultural Differences 53 3-4 Culture and Global Business 58 3-5 Ethics 59 3-6 Ethics and Corruption 60 3-7 Norms and Ethical Challenges 61 3-8 Management Savvy 62 Study Tools 3 64 Chapter 4: Leveraging Resources & Capabilities 65 4-1 Understanding Resources and Capabilities 67 4-2 Resources, Capabilities, and the Value Chain 68 4-3 When and When Not to Outsource 69 4-4 From SWOT to VRIO 72 4-5 Management Savvy 75 Study Tools 4 77 Part 2: Acquiring Tools 79 Chapter 5: Trading Internationally 79 5-1 Why Do Nations Trade? 81 5-2 Theories of International Trade 83 5-3 Realities of International Trade 91 5-4 Management Savvy 96 Study Tools 5 98 Chapter 6: Investing Abroad Directly 99 6-1 Understanding the FDI Vocabulary 100 6-2 Why Do Firms Become MNEs by Engaging in FDI? 102 6-3 Ownership Advantages 104 6-4 Location Advantages 105 6-5 Internalization Advantages 107 6-6 Realities of FDI 108 6-7 Management Savvy 112 Study Tools 6 114 Chapter 7: Dealing with Foreign Exchange 115 7-1 What Determines Foreign Exchange Rates? 117 7-2 Evolution of the International Monetary System 122 7-3 Strategic Responses 124 7-4 Management Savvy 129 Study Tools 7 132 Chapter 8: Capitalizing on Global & Regional Integration 133 8-1 Integrating the Global Economy 135 8-2 Organizing World Trade 137 8-3 Integrating Regional Economies 139 8-4 Regional Economic Integration in Europe 141 8-5 Regional Economic Integration in the Americas 144 8-6 Regional Economic Integration in the Asia Pacific 146 8-7 Management Savvy 148 Study Tools 8 150 Part 3: Managing around the World 151 Chapter 9: Growing & Internationalizing the Entrepreneurial Firm 151 9-1 Entrepreneurship and Entrepreneurial Firms 153 9-2 Institutions, Resources, and Entrepreneurship 153 9-3 Growing the Entrepreneurial Firm 156 9-4 Internationalizing the Entrepreneurial Firm 158 9-5 Management Savvy 161 Study Tools 9 164 Chapter 10: Entering Foreign Markets 165 10-1 Overcoming the Liability of Foreignness 167 10-2 Where to Enter? 168 10-3 When to Enter? 172 10-4 How to Enter? 173 10-5 Management Savvy 178 Study Tools 10 179 Chapter 11: Making Alliances & Acquisitions Work 181 11-1 Defining Alliances and Acquisitions 182 11-2 How Institutions and Resources Affect Alliances and Acquisitions 183 11-3 Formation of Alliances 189 11-4 Dissolution of Alliances 190 11-5 Performance of Alliances 191 11-6 Motives for Acquisitions 191 11-7 Performance of Acquisitions 192 11-8 Management Savvy 194 Study Tools 11 196 Chapter 12: Strategizing, Structuring, & Learning around the World 197 12-1 Multinational Strategies and Structures 199 12-2 How Institutions and Resources Affect Multinational Strategy, Structure, and Learning 204 12-3 Worldwide Learning, Innovation, and Knowledge Management 208 12-4 Management Savvy 211 Study Tools 12 213 Chapter 13: Managing Human Resources Globally 215 13-1 Staffing 217 13-2 Training and Development 221 13-3 Compensation and Performance Appraisal 223 13-4 Labor Relations 225 13-5 Institutions, Resources, and Human Resource Management 226 13-6 Management Savvy 228 Study Tools 13 231 Chapter 14: Competing in Marketing & Supply Chain Management 233 14-1 Three of the Four Ps in Marketing 235 14-2 From Distribution Channel to Supply Chain Management 238 14-3 Triple As in Supply Chain Management 239 14-4 How Institutions and Resources Affect Marketing and Supply Chain Management 242 14-5 Management Savvy 244 Study Tools 14 246 Chapter 15: Managing Corporate Social Responsibility Globally 247 15-1 A Stakeholder View of the Firm 249 15-2 Institutions, Resources, and Corporate Social Responsibility 253 15-3 Management Savvy 258 Study Tools 15 260 Endnotes 261 Index 265 Tear-Out Cards 276 Pengatlas Maps 306 WCN:,02-200-202