International Business

Topics: New York City, Ralph Lauren, New York Stock Exchange Pages: 8 (2565 words) Published: March 15, 2013
1.0 Introduction to International Business

International business may be defined simply as business transactions that take place across national borders the very small firm that exports (or imports) a small quantity to only one country, as well as the very large global firm with integrated operations and strategic alliances around the world. Within this broad array, distinctions are often made among different types of international firms, and these distinctions are helpful in understanding a firm's strategy, organization, and functional decisions .Other than that, one distinction that can be helpful is the distinction between multi-domestic operations, with independent subsidiaries which act essentially as domestic firms, and global operations, with integrated subsidiaries which are closely related and interconnected International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals, companies, and organizations. These transactions take on various forms, which are often interrelated. Primary types of international business are export–import trade and direct foreign investment. The latter is carried out in varied forms, including wholly owned subsidiaries and joint ventures. Additional types of international business are licensing, franchising and management contract. (http://www.referenceforbusiness.com/management/Gr-Int/International-Business.html#b#ixzz2M6YZA7M0/27-2-13)

The use of this term recognizes that doing business internationally is an activity, not merely a passive observation. Closely linked to activity is the term satisfaction. It is crucial that the participants in international business are satisfied Moreover,if they feel they are better off after the transaction than they were before, will individual business transactions develop into a business relationship. The fact that the transactions are across national borders highlights a key difference between domestic and international business. The international executive is subject to a new set of macro environmental factors, to different constraints, and to quite frequent conflicts resulting from different laws, cultures, and societies. The basic principles of business are still relevant, but their application, complexity and intensity vary substantially (Michael.R.//my.safaribooksonline.com/book/-/9780470530658/chapter-1-the-international-business-imperative/navpoint-19//InternationalBusiness8thedition)

2.0 Global Product of Ralph Lauren

Three-Button Charcoal Suit

Crafted from extra-fine wool, this Italian-made suit features a lean silhouette, a slightly shortened rise and narrowed lapels. The jacket has notched lapels, sloped shoulders, a double-vented back, an angled welt pocket at the chest, flapped welt pockets at the hip and interior welt and buttoned welt pockets. Trouser has double forward pleats, a standard-rise belted waist with interior suspender buttons, side on-seam pockets, button-and-loop and buttoned welt back pockets and unfinished hems for custom-tailoring. Jacket fully lined and pant partially lined with Bemberg nylon.100% wool. Dry clean. Made in Italy. Alterations available in Ralph Lauren retail stores.

2.1 Country Of Origin

On June 11, 1997, Ralph Lauren Corporation became a public company, traded on the New York Stock Exchange under the symbol RL. By 2007 Ralph Lauren had over 35 boutiques in the United State. The Politics of New York State tend to be more liberal than in most of the United States, with in recent decades a solid majority of democratic voters, concentrate in New York City and some of its suburbs, and in the cities of Buffalo, Rochester, Syracuse and Albany. Republican voters, in the minority, are concentrated in more rural Upstate New York, particularly in the Adirondack Mountains, the Alleghany Mountains, Central New York, and in parts of the Hudson Valley. Despite the imbalance in registration, New York voters have...
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