Thursday, 17 December 2020

International operations management

 


International operations management started at the end of the sixties and early seventies in the United States of America. The main reason for the emergence of such a flag was the deterioration of the level of US exports to different countries during this period. From here, the search for the causes that led to this deterioration was among the following:

 

International operations management

 

1 - The inability to deal with foreign global markets, which led to an interest in studying foreign languages ​​such as Spanish, German, French, and Far Eastern languages.

 

The US Department of Education began to support the establishment of language study centers in order to understand the global markets and facilitate the process of dealing with them, thus leading to an increase in the export process.

 

2- The study of foreign cultures such as customs and traditions began, and thus the role of the US Department of Education in supporting the establishment of centers for foreign cultural studies emerged. Middle East centers, Far East study centers, a center for the study of socialist countries, European countries, Latin American countries appeared.

 

The purpose of these cultures is to strengthen the competitive position of American companies in global markets.

 

Naturally, studying foreign languages ​​for the outside world as well as its culture will be reflected in our ability to understand the nature of demand in foreign markets, which will facilitate the process of dealing with them and succeeding in reaching them.

 

Consequently, studies of foreign languages ​​and cultures were the beginning of a natural interest in the international dimensions of business administration, but it was not a sufficient beginning in relation to the size and quality of the high changes prevailing at the beginning of the seventies, and therefore it was necessary that the curricula of American business schools include courses on international business administration.

 

Defining International Business Management - The concept of international business management

 

They are the economic transactions that are organized and carried out across the regional borders of the different countries in order to achieve the goals of the persons and institutions responsible for these transactions. These economic transactions may include the following areas:

 

First: International trade, whether it is international trade in goods or services.

 

Second: International investment and this is divided into two parts:

 

A- Foreign Investment Direct. Here, the foreign investor administratively controls his foreign investments in the countries hosting these investments.

 

B - Indirect Investments Investment Portfolio, which is like portfolio investments, where the percentage of participation is limited in projects established in foreign countries, and the main purpose is to achieve an adequate financial return from being in these countries.

 

Third: Technology

What is meant here are the processes of obtaining advanced technology from various companies around the world, whether in the form of advanced machines or technical knowledge in the form of licensing production or the like.

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