International Business
- Submitted by: alking745
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- Date Submitted: 03/31/2015 09:40 PM
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International Business
In today’s world, business has no more local definition. In the 19th century business was limited locally. People were trading by selling and buying in local markets because of difficulties, transportation and fail up to interact with other cultures. Now a days, the majority of business men and major companies are thinking ahead toward increasing their profit and gaining a bigger share of the market by going international. By including the right expertise, adopting other cultures and depending on reliable transportation, international business is growing fasters than ever. In today’s world, international business offers tremendous opportunities if it is done in the right way.
One important factor that enhances one’s ability to be successful in international business is global transportation. Back in the day, people were limited to using animals as means of transport for them and their goods, which is something that can take time and much more effort. As other way was by ships which was a hassle and exposed them to the risk of losing their goods if the ship sank. However, today international transportation is more advanced, faster and less risky. Business men and major corporations are reaching international markets faster than ever depending on global transportation which provides many convenient ways of transportations. Furthermore, international transportation is not limited to only moving goods overseas; it also can provide work force transportation. According to “The Geography of Transport Systems”, Dr. Jean Paul (2013), “the growth of the amount of freight being traded as well as a great variety of origins and destinations promotes the importance of international transportation as a fundamental element supporting the global economy”.
Another important aspect to consider in terms of the acceleration of success in the international business industry is the global financial system. The world is now connected by a huge financial system....
In today’s world, business has no more local definition. In the 19th century business was limited locally. People were trading by selling and buying in local markets because of difficulties, transportation and fail up to interact with other cultures. Now a days, the majority of business men and major companies are thinking ahead toward increasing their profit and gaining a bigger share of the market by going international. By including the right expertise, adopting other cultures and depending on reliable transportation, international business is growing fasters than ever. In today’s world, international business offers tremendous opportunities if it is done in the right way.
One important factor that enhances one’s ability to be successful in international business is global transportation. Back in the day, people were limited to using animals as means of transport for them and their goods, which is something that can take time and much more effort. As other way was by ships which was a hassle and exposed them to the risk of losing their goods if the ship sank. However, today international transportation is more advanced, faster and less risky. Business men and major corporations are reaching international markets faster than ever depending on global transportation which provides many convenient ways of transportations. Furthermore, international transportation is not limited to only moving goods overseas; it also can provide work force transportation. According to “The Geography of Transport Systems”, Dr. Jean Paul (2013), “the growth of the amount of freight being traded as well as a great variety of origins and destinations promotes the importance of international transportation as a fundamental element supporting the global economy”.
Another important aspect to consider in terms of the acceleration of success in the international business industry is the global financial system. The world is now connected by a huge financial system....