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Global Business Environment

Global Business Environment. The Global business environment & its components. What is GBE ?. Global business environment can be defined as: the environment in different sovereign countries, with factors exogenous to the home environment of the organization,

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Global Business Environment

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  1. Global Business Environment The Global business environment & its components

  2. What is GBE? Global business environment can be defined as: • the environment in different sovereign countries, • with factors exogenous to the home environment of the organization, • influencing decision making on resource use and capabilities.

  3. Factors of GBE • Economic environment; • Political environment; • Legal environment; • Social and cultural environment; • Technological environment; • Tax environment.

  4. Economic environment • The changing nature of international business/trade in historical perspective, Changing world output and world trade; International institutions; • International monetary environment, financial flows, Foreign Direct Investment (FDI) trends; • Business cycles; • Development and competitiveness indicators; • Economic integration; • Global problems;  Economic Risk

  5. Political environment • Rule of law; • Interaction between politics and business environment; • Government and international bureaucracies; • National and international legislative bodies; • Public opinion, civil society, interest groups; • Transnational corporations (TNCs); • Global churches;  Political Risk

  6. Social and cultural environment • Income disparities; • Health and education system, level of knowledge; • Population trends, Aging; • Labour market; • Family; Functions of family; Family life cycle • Religion and international business; • Values and attitudes and international business; • Influence of culture on consumption.

  7. Legal environment • Tariffs, subsidies, non-tariff barriers; • Taxes, double taxation; • International regulatory bodies (Bretton Woods institutions, institutions of integrations, international banks); • Foreign investment regulation; • Litigation and dispute settlement.

  8. Technological environment • Economic theories on technological development; • Technology cycles; • Adoption of technology in companies; global production networks; • The choice of Technologies to develop.

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