Presentation on theme: "Global business Environment The an international business environment & that components."— Presentation transcript:
You are watching: What are the four components of the global business environment?
1 worldwide Business environment The worldwide business environment & its components
2 What is GBE? worldwide business setting can be identified as: – the atmosphere in different sovereign countries, – with determinants exogenous to the home environment of the organization, – affecting decision make on resource use and also capabilities.
3 factors of GBE – economic environment; – political environment; – legal environment; – social and cultural environment; – technological environment; – tax environment.
4 financial environment – The transforming nature of international business/trade in historical perspective, transforming world output and also world trade; global institutions; – global monetary environment, gaue won flows, Foreign direct Investment (FDI) trends; – business cycles; – breakthrough and competitiveness indicators; – financial integration; – an international problems; economic Risk
5 Political atmosphere – ascendancy of law; – Interaction in between politics and business environment; – Government and international bureaucracies; – National and also international legislative branch bodies; – publicly opinion, polite society, interest groups; – Transnational companies (TNCs); – an international churches; Political risk
6 society and cultural environment – revenue disparities; – Health and also education system, level of knowledge; – population trends, Aging; – work market; – Family; features of family; family life cycle – Religion and also international business; – Values and also attitudes and international business; – influence of culture on consumption.
7 Legal atmosphere – Tariffs, subsidies, non-tariff barriers; – Taxes, double taxation; – worldwide regulatory body (Bretton Woods institutions, establishments of integrations, worldwide banks); – international investment regulation; – Litigation and also dispute settlement.
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8 technical environment – economic theories on technical development; – technology cycles; – fostering of technology in companies; an international production networks; – The an option of innovations to develop.