Globalisation and its impact on international business environment

GLOBALISATION AND ITS IMPACT ON INTERNATIONAL BUSINESS ENVIRONMENT

1. GLOBALISATION AND ITS IMPACT ON INTERNATIONAL BUSINESS ENVIRONMENT PRESNTED BY Presented by: navan sodhi

2. WHAT IS GLOBALISATION? G lobalization is how countries are coming together as one big global economy, making international trade easier. Globalization represents the global integration of international trade, investment, information technology and cultures.

3. WHY DO WE NEED INTERNATIONAL BUSINESS? Acquisition Of Resources. Increase In Market Base. Minimizing Risk Factor.

4. HOW IS INTERNATIONAL BUSINESS DONE! Import and export of merchandise. Import and export of services. Investments.

5. IMPACT International business accounts for 54% of India’s GDP. It is the 9th largest commercial importer. The sectors that attract foreign direct investments are listed below: Transportation Travel Financial services Computer and information service

6. IMPACT IN INTERNATIONAL BUSINESS. Increase in competition . Benefit from economies of scale resulting from the expansion of the market . Increase in investment as a result of expanding market and competition . The formation of external economies . Ensuring resource efficiency resulting from free movement of production factors . Savings in foreign exchange .

7. GLOBALISATION TRENDS

8. CONCLUSION Globalisation impact on international business is huge as well as remarkable. T ransactions and even small traders have been able to benefit from it. It h elped to bring in a wave of entrepreneurship and encouraged people to start something of their own. G lobalisation ushers in an era of oneness that was not there before. Globalisation and international business are very interrelated.