This textbook is designed to help students understand the key issues of global business by connecting theory with reality. Divided into three parts, it covers critical issues of international business, introducing readers to topics they will connect with, and discussing core concepts.
With a user-friendly pedagogy and a host of helpful visuals, the authors offer a practitioner's perspective on global business knowledge, examining familiar theory on trade, direct investment, and political environment alongside fresh topics, like geopolitical conflicts, emerging markets, and sustainability. Over sixty case studies are included to illustrate the magnitude and complexity of global business involving different stakeholders.
Undergraduate students looking for an introduction to international business and graduate students looking to apply their knowledge will find Global Business stimulating, since it demonstrates how theories and concepts work in real-world business settings.
Yongsun Paik is Director of the Center for Asian Business and a Professor of International Business and Management at Loyola Marymount University, USA. He is the co-author, with Charles M. Vance, of Managing a Global Workforce, third edition, published by Routledge in 2014.
Dong Chen is an Associate Professor of International Business and Strategy at Loyola Marymount University, USA, and Guest Researcher at the Institute for Global Industry of Tsinghua University, China.
Jong-Wook Kwon is Professor and Director of the Cross-cultural Management Research Center at Kangwon National University, Korea.
Part I: The Content of Global Business
1. Globalization: Current Status and Future Prospect
2. Trade: Rhetoric and Practice
3. Foreign Direct Investment
Part II: The Context of Global Business
4. Economic Environment
5. Political and Legal Environment
6. Social and Cultural Environment
7. The Foreign Exchange Market and the International Monetary System
Part III: Managing Global Business
8. Managing Entry and Exit Decisions
9. Managing People: Global Talent Management
10. Managing Money: Finance, Accounting, and Taxation
11. Managing Operations: R&D, Production, and Supply Chain
12. Managing Customers: Marketing and Sales
13. Managing Sustainability: Corporate Social Responsibility and Business Ethics
"Paik, Chen, and Kwon provide an impressive exploration of the main drivers of global business and their implications for international business practice. This book offers practical, actionable and relevant discussions of the most important aspects of international business, presented in an easy-to-use and understandable fashion."
Jonathan Doh, Villanova University, USA, and co-author, International Management: Culture, Strategy and Behavior
"Through the use of case studies, Paik, Kwon, and Chen's book provides an important bridge between theory and practice, thus making it a useful resource to students and practitioners who are interested in understanding and managing in a global context. The book covers a comprehensive range of topics, including the institutional environment of international business as well as the management of different aspects of the value chain."
Rosalie L. Tung, Simon Fraser University, Canada