Exploring Business, v. 2.0 book Article Example | Topics and Well Written Essays - 250 words

Exploring Business, v. 2.0 book - Article ExampleTrade is also measured with the concepts of trade surplus and trade deficit (134).There are tremendous opportunities for a business entity to enter the world(a) markets, such as licensing agreements, contract manufacturing and outsourcing, alliances and joystick ventures, FDIs and subsidiaries (140). This provides the business to grow extensively and create a market share on the global market. However, companies must be cautious and carefully consider the global business environment which would be vital for the success of the globalization plan. Companies should be sensitive on factors such as cultural environment, language, sociability, and intercultural communication (152).Trade controls pass on also play a critical role in engaging in globalization. Tariffs and quotas are present in every country which protects its vital and exploitation local industries (167). The reduction of trade barriers, such free trade agreements, also h elps strengthen the regional trading market by bolstering the import and export in the midst of the member countries (171).International business is truly a lucrative field to develop a career, and preparing for such would require early strategic planning (179). Choosing an undergraduate degree specializing of a core business concept would be a strong foundation to prosper in an international business career. Studying international politics, economics, and culture, covering the concepts discussed above, will provide indispensible tools in doing international trades and business. Lastly, is developing the know-how of communicating in foreign languages (179). Being able to communicate with clients in their mother-tongue would definitely emergence the changes of successful business