00:07 International business is often quite different from doing business in your home country 01:19 Doing business in the U.S. has fairly consistent external factors 02:24 Assumptions for international business need to be questioned and modified. 03:34 Exploring untapped markets in foreign planets. 04:40 Expanding into interplanetary markets has major motives 05:45 Expanding international business outside Earth 06:55 Considerations for doing business on alien planets 07:59 International business requires consideration of socio-cultural, technological, and legal differences.
Dear Friends, I want to know the difference in the way of operating departments within a company, especially between large and small companies, what are the differences? I think it's different in terms of production capacity, shipping capacity, inventory capacity, right ?.
Dear Friends, I have many questions: 1/ What is the purpose of the trade agreements between countries? 2/ Do rich countries rely on trade agreements to evade taxes? 3/ Rich countries rely on trade agreements to discharge pollution? 4/ Poor countries benefit from trade agreements? Could you help?. Thank you.
Dear Friends, Suppose you are a CEO of a large company, and you are opening a subsidiary overseas. You want the CEO and CFO of the subsidiary to maximize the amount transferred to the parent company. So what would you ask them to do? Thank you.
Suppose company ABC has a competitive advantage in production, and the CEO wants the company to have a competitive advantage in distribution. So how many ways are there to achieve this? If ABC wants to build its own competitive advantage in distribution, what will it need to do?
Hey ytuong1 This is a bit of a trick question. First, if you already have a competitive advantage in production, then you only need competitive parity in distribution. Second, if you do want to achieve a competitive advantage in distribution you can really only achieve it in one way-by building a distribution system that is fast and low cost (a la Amazon). One could argue that an alternate way is to build in “white glove” distribution, where things are moved fast and with the utmost care to ensure the product is delivered safe and secure. Hope this answers your question! -Hannah at InternationalHub
@@GlobalHubEducation , Why does a company want to bring their products into the US need to go through a domestic company in the US? Then they buy a company in the US or build a company for its own distribution? .
Dear Friends, I have a question: 1/ Why do rich countries invest in factories in poor countries ?, how do they evade taxes, and why can't governments in poor countries force them to pay taxes?
What I’ve been taught is that in these poorer countries, the company is able to take advantage of cheap labour. The poorer companies government will also sometimes offer incentives to large companies to set up in their countries as it will increase the value of the poorer counties GDP and make them more attractive for future business ventures.
They will still pay corp tax however it will be at a much lower rate than ‘richer’ countries as the ‘poor’ country benefits off of the company operating there due to employment opportunities, infrastructure improvements etc, therefore to entice a company into operating there they will offer them an incentive ie. low corp tax. Hope this helps!
Better if you were simple and with earth examples, from one nation to International to make it simple to understand instead of bringing the topic out of this planet....video is confusing for elementary students.
Man, your a great teacher. Wish more teachers could make topics more engaging and intesting for students. you do a wonderful job at that sir
This is definitely the cutest way I've learned something
Finally one career that i like
00:07 International business is often quite different from doing business in your home country
01:19 Doing business in the U.S. has fairly consistent external factors
02:24 Assumptions for international business need to be questioned and modified.
03:34 Exploring untapped markets in foreign planets.
04:40 Expanding into interplanetary markets has major motives
05:45 Expanding international business outside Earth
06:55 Considerations for doing business on alien planets
07:59 International business requires consideration of socio-cultural, technological, and legal differences.
This video is great. Its funny and informative and has great graphics! Thank you so much for the time and effort you put into this.
So people with international business degree travel a lot and work at different countries ???
I loved your presentation. You made it very clear even at the age of 83. sure di love you!
Awesome and creative video on IB
Thanks for sharing Bro
This is a great explanation of internationalisation of businesses
Thank you very much for this video. The pictures are very attractive, so good for illustration.
I laughed and learned so much! Thank you
I'm glad you enjoyed it so much! Hope you will be on the lookout for our future content!
Amazing video, excellent analogy! I’m convinced now. Thank you so much
Nice discussion. I really appreciate how you illustrated this topic.
Excellent Video
Great video and the use of illustrations to help explain the topic
Great video! keep it up
this video is so creative! I love it
I’m glad you enjoyed it! Hopefully if left you with a better understanding of international business!
Well summarised. Thanks
very good examples
Thank you so much ❤️🥺
Very helpful video, thank you!
Dear Friends,
I want to know the difference in the way of operating departments within a company, especially between large and small companies, what are the differences? I think it's different in terms of production capacity, shipping capacity, inventory capacity, right ?.
it is great , thank you
Okay I'm here cause I actually plan to take this as my degree but it's sounds complicated and interesting at the same time
Great vídeo
i don't think it would be good for PR if you said klingons are from planet klingon when they're really from Kronos. but great video!
I thought the same thing.
Dear Friends,
I have many questions:
1/ What is the purpose of the trade agreements between countries?
2/ Do rich countries rely on trade agreements to evade taxes?
3/ Rich countries rely on trade agreements to discharge pollution?
4/ Poor countries benefit from trade agreements?
Could you help?. Thank you.
Wow a nice,video
Great video!
Dear Friends,
Suppose you are a CEO of a large company, and you are opening a subsidiary overseas. You want the CEO and CFO of the subsidiary to maximize the amount transferred to the parent company. So what would you ask them to do? Thank you.
Great video and awesome examples
Nice
Love the terminology Shad. (P.S. MY NAME'S ALSO SHAD) Any contact info? I live in Russia and interested in international business.
Shad, if you are interested in International business you should check out our website internationalhub.org where we have tons of resources.
Suppose company ABC has a competitive advantage in production, and the CEO wants the company to have a competitive advantage in distribution. So how many ways are there to achieve this?
If ABC wants to build its own competitive advantage in distribution, what will it need to do?
Hey ytuong1
This is a bit of a trick question. First, if you already have a competitive advantage in production, then you only need competitive parity in distribution. Second, if you do want to achieve a competitive advantage in distribution you can really only achieve it in one way-by building a distribution system that is fast and low cost (a la Amazon). One could argue that an alternate way is to build in “white glove” distribution, where things are moved fast and with the utmost care to ensure the product is delivered safe and secure.
Hope this answers your question!
-Hannah at InternationalHub
@@GlobalHubEducation , thank you
@@GlobalHubEducation , Why does a company want to bring their products into the US need to go through a domestic company in the US? Then they buy a company in the US or build a company for its own distribution? .
5:46 -- Um, Actually: Klingons are from the planet Kronos.
Haha! Thanks for the correction James, we will try to be more accurate with that in the future
Nerd! That is why you're not on the team.
@@sasazapadnik9335 🤣
I'm interested
This topic reminds me so much Elon Musk!
Dear Friends,
I have a question:
1/ Why do rich countries invest in factories in poor countries ?, how do they evade taxes, and why can't governments in poor countries force them to pay taxes?
What I’ve been taught is that in these poorer countries, the company is able to take advantage of cheap labour. The poorer companies government will also sometimes offer incentives to large companies to set up in their countries as it will increase the value of the poorer counties GDP and make them more attractive for future business ventures.
They will still pay corp tax however it will be at a much lower rate than ‘richer’ countries as the ‘poor’ country benefits off of the company operating there due to employment opportunities, infrastructure improvements etc, therefore to entice a company into operating there they will offer them an incentive ie. low corp tax. Hope this helps!
@@teagancx6279 , thank you.
Talk about going off at a tangent….literally!!!
what a trip
Better if you were simple and with earth examples, from one nation to International to make it simple to understand instead of bringing the topic out of this planet....video is confusing for elementary students.
Great video!