International Business Essay
How does international business achieve its internationalization objectives in the contemporary context?
Introduction
In today’s prosperous modern society, Multinational Corporation and international organisation becomes a common key factor in increasing economic and social interconnection. Globalization grows mobility of goods and services, and expands business in all dimensions. To enterprise an international business is indeed a complex level of soaring towards the international trade. In order to up keep the business standards and objective, Silkenat, Aresty & klosek (2009) believes that trust is a fundamental matter in business trade. It gives reliability and a continuation business relationship.
Veghefi, Paulson & Tomlinson (1991) concluded that international business involves three characteristics. First, an exchange of goods or service across worldwide. For instance, America set up factories in China, making use of their cheap labor production allowing goods at lowest cost possible. Secondly, the ties between China and America become stronger as there is an exchange of trade, relationship and interactions. Lastly, international business can be influenced by non-commercial consideration.
For this essay, I have chosen an international organization, International Labour Organization (ILO). I will discuss a summary of the organization mission and objective, internationalization process of ILO’s successfulness that help in some countries and its impacts on international context. Finally concluding the experience learned from the organization and an understanding of the organizational phenomena as a whole.
Overview, Mission & Objective
ILO's mission was set by its Director-General (ILO 2012), 'To promote opportunities for women and men to obtain decent and productive work, in conditions of freedom, equity, security and human dignity'. It aims to balance the worker's benefit and exploitation scale. Therefore giving employee a better
Introduction
In today’s prosperous modern society, Multinational Corporation and international organisation becomes a common key factor in increasing economic and social interconnection. Globalization grows mobility of goods and services, and expands business in all dimensions. To enterprise an international business is indeed a complex level of soaring towards the international trade. In order to up keep the business standards and objective, Silkenat, Aresty & klosek (2009) believes that trust is a fundamental matter in business trade. It gives reliability and a continuation business relationship.
Veghefi, Paulson & Tomlinson (1991) concluded that international business involves three characteristics. First, an exchange of goods or service across worldwide. For instance, America set up factories in China, making use of their cheap labor production allowing goods at lowest cost possible. Secondly, the ties between China and America become stronger as there is an exchange of trade, relationship and interactions. Lastly, international business can be influenced by non-commercial consideration.
For this essay, I have chosen an international organization, International Labour Organization (ILO). I will discuss a summary of the organization mission and objective, internationalization process of ILO’s successfulness that help in some countries and its impacts on international context. Finally concluding the experience learned from the organization and an understanding of the organizational phenomena as a whole.
Overview, Mission & Objective
ILO's mission was set by its Director-General (ILO 2012), 'To promote opportunities for women and men to obtain decent and productive work, in conditions of freedom, equity, security and human dignity'. It aims to balance the worker's benefit and exploitation scale. Therefore giving employee a better