International Business Frameworks Term Paper by Nicky
A review of Daniels, Radebaugh and Sullivan's international business frameworks for effective global operations.
# 150095 | 754 words | 9 sources | APA | 2012 |
Published on Jan 26, 2012 in Business (International) , Economics (Globalization)
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The paper examines Daniels, Radebaugh and Sullivan's international business framework that includes cultural, political and legal, economic and globalization and society considerations. The paper explains how these areas are defined as distinct frameworks and also compares and contrasts them. The paper illustrates how closely they are interlinked, and how this indicates the need for companies to have a broad-based knowledge of all frameworks.
From the Paper:"Culture includes norms based on learned attitudes, values and beliefs (Daniels, Radebaugh and Sullivan (2007). Different cultures are found in different countries of the world; these cultures affect various sectors, especially the business sector and the unique manner in which people are meant to carry out business in each country. Etiquette, cross-cultural or inter-cultural communication as well as mannerisms are some of the critical elements required of global and international business managers, executives and employees (Schmidt, Conaway, and Easton and Waredrope, 2007). The different cultural dimensions in different countries impact the way that business professionals make decisions (Gaenslen, 1986). Thus, these cultural dimensions affect the process of negotiations and ongoing operations; therefore, it is very important for businesses and business professionals operating in a foreign country to understand the business culture of that country. This knowledge will enable successful integration with the local culture.
"Political considerations include ideology, nationalism, stability and international relations while a legal framework encompasses national and international laws, rules and standards (The legal, political/trade environment). According to this same source, with regards to global trade, the legal environment centers around export and import controls, transfer pricing, taxes, regulation of corrupt practices, embargoed nations, antitrust, expropriation and distribution of equity, patents and trademarks. Daniels, Radebaugh and Sullivan (2007) add public safety and liability, marketing practice, rule of origin, and jurisdiction to this list."
Sample of Sources Used:
- Belanger, K. L. Marketing environment. http://www.drkayfmu.com/topics/environment.htm
- Cultural considerations (2009, May 27). http://www.witiger.com/internationalbusiness/culturalconsiderations.htm
- Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (2007) International business: Environments and operations. Upper Saddle River, NJ: Pearson/Prentice Hall. ISBN: 0131869426.
- Ferrell, O.C., Corporate citizenship: Integrity, stakeholders & exemplars. Colorado State University. http://www.e-businessethics.com/PowerPointSlides/CorporateCitizenship.pdf
- Schmidt, W.V., Conaway, R.N., Easton, S.S. and Wardrope, W.J. Communicating globally: International communication and international business. p. 283. Thousand Oaks, CA: Sage Publications, Inc. ISBN: 9781412913171.
Cite this Term Paper:
International Business Frameworks (2012, January 26) Retrieved June 07, 2023, from https://www.academon.com/term-paper/international-business-frameworks-150095/
"International Business Frameworks" 26 January 2012. Web. 07 June. 2023. <https://www.academon.com/term-paper/international-business-frameworks-150095/>