What is International Business?

The Definition of International Business

International business relates to any situation where the production or distribution of goods or services crosses country borders. Globalization—the shift toward a more interdependent and integrated global economy—creates greater opportunities for international business. Such globalization can take place in terms of markets, where trade barriers are falling and buyer preferences are changing. It can also be seen in terms of production, where a company can source goods and services easily from other countries. Some managers consider the definition of international business to relate purely to “business,” as suggested in the Google case. However, a broader definition of international business may serve you better both personally and professionally in a world that has moved beyond simple industrial production. International business encompasses a full range of cross-border exchanges of goods, services, or resources between two or more nations. These exchanges can go beyond the exchange of money for physical goods to include international transfers of other resources, such as people, intellectual property (e.g., patents, copyrights, brand trademarks, and data), and contractual assets or liabilities (e.g., the right to use some foreign asset, provide some future service to foreign customers, or execute a complex financial instrument). The entities involved in international business range from large multinational firms with thousands of employees doing business in many countries around the world to a small one-person company acting as an importer or exporter. This broader definition of international business also encompasses for-profit border-crossing transactions as well as transactions motivated by nonfinancial gains (e.g., triple bottom line, corporate social responsibility, and political favor) that affect a business’s future.
Strategic Management and Entrepreneurship

A knowledge of both strategic management and entrepreneurship will enhance your understanding of international business. Strategic management is the body of knowledge that answers questions about the development and implementation of good strategies and is mainly concerned with the determinants of firm performance. A strategy, in turn, is the central, integrated, and externally oriented concept of how an organization will achieve its performance objectives. One of the basic tools of strategy is a SWOT (strengths, weaknesses, opportunities, threats) assessment. The SWOT tool helps you take stock of an organization’s internal characteristics—its strengths and weaknesses—to formulate an action plan that builds on what it does well while overcoming or working around weaknesses. Similarly, the external part of SWOT—the opportunities and threats—helps you assess those environmental conditions that favor or threaten the organization’s strategy. Because strategic management is concerned with organizational performance—be that social, environmental, or economic—your understanding of a company’s SWOT will help you better assess how international business factors should be accounted for in the firm’s strategy.

Entrepreneurship, in contrast, is defined as the recognition of opportunities (i.e., needs, wants, problems, and challenges) and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures. An entrepreneur is a person who engages in entrepreneurship. Entrepreneurship, like strategic management, will help you to think about the opportunities available when you connect new ideas with new markets. For instance, given Google’s current global presence, it’s difficult to imagine that the company started out slightly more than a decade ago as the entrepreneurial venture of two college students. Google was founded by Larry Page and Sergey Brin, students at Stanford University. It was first incorporated as a privately held company on September 4, 1998. Increasingly, as the Google case study demonstrates, international businesses have an opportunity to create positive social, environmental, and economic values across borders. An entrepreneurial perspective will serve you well in this regard.

International Business (International Program)

The International Business (IB) program focuses on implementing student-centered learning where the young minds are fostered not only through theories learned but also by providing a supportive environment to practice and discovery. As part of the Binus Business School International Undergraduate Program as the first private university in Indonesia to receive AACSB accreditation, IB aspires to be a purveyor of tomorrow’s leaders and entrepreneurs thus evolving and adapting to the current business environment.

The IB program collaborates with prestigious partner universities that specialize in Entrepreneurship and Innovation and International Business and Trade. More than nine Double-degree programs and Master Tracks as well as an option of study abroad, exchange programs or immersion trips – are offered to IB students to gain their international exposure. Students are exposed to practical experience by partaking in the enrichment track offered by the program: Internships, Research, Entrepreneurship, and Community Development, where hands-on learning experience cultivates not only hard skill competency but also honing student’s soft-skill.

Apart from learning global business and regional integration, the IB program is designed to cater for ASEAN-related subjects, which accommodates the need to equip the level of understanding of the business as well as cultural aspects in the Southeast Asian region. As part of the curriculum, students are required to join the Passage to ASEAN (P2A), an immersion trip to a number of ASEAN countries. This aligns with the application of the ASEAN Economic Community (AEC) in 2016 for all ASEAN members. With relevant entrepreneurial skills obtained in class, it is expected that the students can grasp a wide range of business environments.

Students are exposed to global business applications and practices from around the world. The program is taught by well-qualified academics from prestigious business schools complemented with rich industry experience. The program also draws extensively upon the teaching experience of its international collaborative partner universities. Our international learning experience prepares our graduates to successfully engage with prestigious SMEs and multinational organizations.

Starting September 2020, IB collaborates with the University of Newcastle (UoN) to offer a 4+0 program, in conjunction with its 3+1 and 2+2 programs. The 4+0 collaboration allows students to earn two degrees from Binus International and the University of Newcastle while conducting a full four-year study in Binus International. The 3+1 program enables students to undergo a 3-year on-campus learning and a 1-year off-campus experience, while the 2+2 program facilitates students to take the first two-year in Binus International and the last two-year at a chosen partner university. The four-year study program is intended to equip students with the fundamentals of international business and management competencies while emphasizing the understanding of doing business in an international context, combined with in-depth cultural experience. Current case studies, articles, and textbooks pertinent to Southeast Asian (ASEAN) and entrepreneurship are carefully selected to enhance the students’ global perspectives. The program also incorporates company visits and guest lectures from prominent industries to assist students to obtain practical and dynamic outlook of today’s business environment.

The first year emphasizes the fundamental concept of management with substantial assessment in terminology definition and explanatory context. In the second year, students are trained to develop their analytical thinking, equipped with case study applications, in order to gain a wider business perspective. The third and fourth year will concentrate on the final assessment through critical thinking discussion, case study enhancement and an analytical final project that would accumulate and be completed by thesis writing as a graduation requirement.
Mission

In pursuing its vision, the International Business program provides:

International exposure in academic activities through double degree and study abroad programs
Internationally qualified graduates with innovative and entrepreneurial skills
ASEAN business and entrepreneurial applied research and scholars

Program Objectives

The objectives of the International Business program are:

To nurture graduates competency with international business practices and to be able to work in an international environment equipped with cross cultural skill
To enhance innovative and creative mindset in applying business knowledge in international context
To expose students to Southeast Asian business and entrepreneurial experiences
To create ethical professionals and entrepreneurs with high social awareness
To provide students with competitive attributes and ability to communicate effectively in a global environment
To provide graduates with ICT competencies and skills required to compete in the international market

what must be done if you are the victim of an car accident

Witnessing a car accident first-hand requires a calm, cool, and collected response under traumatic circumstances. Your course of action will largely depend on the severity of the crash and the extent of the injuries, but there are some general guidelines to keep in mind. By following these tips, you’ll be better prepared to help your fellow drivers until the professional emergency responders arrive.

Ensure your safety first

If you are driving when you spot a car crash, pull over to the side of the road at least 100 feet from the scene and put on your hazard lights. You want to give enough distance, so you don’t put yourself in danger of broken glass, leaked fuel, or flames.

Call 911

Never assume that someone else already called 911. Even if the wreck doesn’t appear severe, the authorities should be notified. Let the 911 operator know you witnessed a car accident, the location, some people involved, and any other pertinent details.

Check on the victims

Once you’ve ensured that it’s safe to approach the scene, check on the condition of the crash victims to make sure they are okay and offer help if you are able. While this can be an emotionally taxing time, try to stick to the facts and remember that this is not the time to assess who is at fault for the accident or make judgments on what the other driver must have been thinking. A good rule of thumb is never to admit fault at the scene. Unless there’s a risk of the vehicle catching fire, do not under any circumstances move an injured person.

Despite your best intentions, you could accidentally make the injury worse. Let the trained medical professionals tend to the injuries, but you can provide comfort to reassuring victims that help is on the way.
Stabilize the vehicles (if you can)

If the accident is minor, ask the driver to put the impacted vehicle in “park” and turn off the ignition.

This will eliminate the risk of fire, especially since chances are good that the crash has caused an oil, fuel or coolant leak. If it’s safe to do so, enlist help to move the car out of further harm’s way and to leave space for other vehicles and emergency responders. If that’s not possible, set up flares or traffic triangles to warn other drivers of the accident.

Give a statement and provide your contact information
When the police arrive, provide the relevant facts and your contact information. In the days and weeks following the event, you may be contacted as a witness by legal and medical authorities and insurance claims agents. Be honest, factual, and consistent with your statements.

Car accidents can be upsetting for the victim and the bystander alike. The best way to deal with an accident is to stay on the scene and report what you’ve seen. Only exit your vehicle to render aid if it is safe to do so. Your clear-headed actions to safely assist or protect the victims until emergency assistance arrives can make an enormous difference in the overall outcome.

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Find Out About The Advantages You Are Bound To Enjoy From Doing Insurance Reviews

Most of the time, you will see many people who will go out of their way to approach underwriters or insurance brokers, especially when there is a significant event in their lives that will require them to have a new risk coverage or revise their old one, probably the case when they trade in their old car or when they purchase a new home. But then again, among those who reach out to insurance brokers or underwriters, there are only a few who remember to review the insurance they have at a regular interval or when there are subtle changes occurring to their coverage requirements. You should know by now that reviewing your insurance on a regular basis will help you ensure that your coverage is what really you are expecting to get when an unfortunate circumstance happen which will require you to file a claim. In addition to that, we want you to know as well that insurance review will aid in being proactive with the reduction of your insurance costs and making informed decisions as well in terms of your insurance coverage. What we will be doing for the remainder of this article is that we will provide you a list of benefits and advantages that you are bound to get from doing insurance review.

Surely, you do know that when you review your insurance, you will be able to reassess your home. More often than not, people have the tendency of taking out an insurance policy when they are purchasing a new home and they will have this insurance policy renewed each year. However, if you are going to automatically renew your policy, this will not give you an assurance that you still have sufficient coverage. There is a big possibility that the value of your home has increased over the years and because of this, the insurance coverage you have should do so. Hence, you have to make sure that you are checking first if there is an increase in the value of your home and if your insurance coverage has risen as well.

Another good thing that comes from reviewing your insurance is the possibility of you updating your home inventory. What homeowners tend to do today is that they underestimate the value of their property. In order for you to know how much your home is worth, we suggest that you first prepare a home inventory before you proceed on reviewing your insurance because this will help you determine its value. Preparing a home inventory before you do insurance review will give you the chance of determining the value of your home, making it easier for you to know if there is also a rise in your insurance coverage.

a simple plan for researching options

How to make money with ebooks is what many people want to learn these days and all the answers are on the internet, but there is so much information that it can take years to wade through it, pick out what is relevant, and put it to proper use. The biggest obstacle is overcoming the desire to chase every strategy that research uncovers, and this can create a perpetual “chasing the tail” situation that can leave entrepreneurs frustrated and without a residual income stream. Make a plan, stick to it, and the money will flow.

It requires a minimal amount of time, money, and education to learn how to make money with ebooks. You can write your own ebooks or sell the work of others as an affiliate. There is usually more money writing an eBook and having affiliates sell it for you rather than being one of the affiliates selling another’s wares, but both methods can generate massive passive income that you can collect for years, even after retirement.

Tasks required for this method require:

Finding a topic and writing a 20+ page eBook (minimum 120 pages if converting eBook to physical book to sell via print on demand).
Create a mini-website with a sales page. A sales page is basically a long letter that is used to convince potential buyers to perform the desired call to action, usually purchase the product.
Sign up as a vendor on ClickBank or other affiliate website. This is a one-time cost $50 USD per product.
Create marketing materials for affiliates, such as text and or graphic ads, banners, articles, website content, press releases, etc.
If the plan calls for converting the eBook to a physical book with print on demand and selling through Amazon, Barnes and Noble, and bookstores you will need a professional book cover and ISBN. There are several companies that offer turn-key print on demand solutions with book covers, ISBN, editing, and marketing options to make it very easy to sell your physical book around the world. Getting a book published just 20 years ago was considered a massive undertaking, but today it is surprisingly easy with the right information (they make a great gift as well).

Learning how to make money with ebooks can be a lifelong venture or a short crash course followed up with a simple plan to follow to profits. Sticking to the plan is the hard part as there are many distractions with the amount of information available. The trick is to work on the plan every day, even for just one hour per day can produce income a passive income stream.

smart tips for finding exams

Keep calm and don’t panic

When you are preparing for a big examination, the last thing you need to do is be overcome with panic. Sure, it can be overwhelming to think about all the things you need to study in such a short time period. However, panicking does nothing and may even be the reason that you fail to make any progress. Don’t be too afraid that you will fail because overthinking will only make it worse. Think of the present and future rather than the past.

Prepare your environment to allow for the best study The environment that you will study in will greatly affect the ability for you to absorb large amounts of information. The first thing that you have to do is make sure that the environment is  conducive for study by altering it to suit your needs. Some people may prefer to study in absolute silence while some may need some sort of music. A big no-no is studying in an environment with a significant source of distraction such as televisions and unlimited internet connection. Plus, prepare some snacks and drinks in case you get hungry. Place the food items where you can easily reach at any time so that you don’t have to get up
every time you get hungry.

Create a plan of attack

Before you even begin to study, prepare a plan for studying to make sure that you have the time to cover the most important materials. Spend
a little time on planning rather than attack the materials without any goals whatsoever. Break down what you will study by hour so that you
have an idea of how long you will spend on each section. This will also eliminate your feeling of being overwhelmed and you can begin to study with some peace of mind.

Every second counts

Remember that studying at the last minute means that every second counts. You have to organize your time in such a way that ever minute is
utilized most efficiently. Minimize time doing non-essential activities such as talking to friends, watching television, surfing the net, etc.

Keep a focused mind and use a method

Studying aimlessly without focusing and using a method may only lead to frustrations as you may find that you are unable to retrieve the information studied as needed. First of all, focus your full attention to the studying. Then, you must use a smart method to retain that memory. There are lots of site on the internet that teaches you efficient techniques for memorization. Without using these techniques,
be ready to face the fact that most of what you have studied may go down the drain.

Study with the end in mind

Studying with the end in mind means being aware of what you are aiming for, whether you want to just pass the exam or obtain an A. Without knowing what you want, you may end up studying with little
motivation.

Be informed about past questions

It would be a mistake if you do not care to find out what type of questions you will face in the exam. Don’t target the questions but get a rough idea of what types of questions to expect. Also, if you have the time, try to answer these questions in your mind as you go through the past papers.

Test your knowledge

After studying each chapter, it is essential to go through the important points that you have studied. After finishing all the chapters, go through everything once again to refresh and retain that
memory.

Keep motivated

Keeping motivated may be one of the most challenging aspects of studying if you are not focused on your goals. It is alright to talk with friends to share preparation tips and keep motivating each other.In case you’re interested in knowing more info on Eclipse Casino, stop by casinobonus2.co/eclipse-casino-bonus-codes

learning the secrets of resources

Business advice for Small Businesses

Starting up a new business in the current economic current is not an easy task. Also, many existing businesses can bring instantaneous profits to the business owners. A large percentage of the people running businesses will like to hear this. However, for businesses to bring profits in a short amount of time certain requirements need to be fulfilled. It is not easy to find business ideas that can help your business.

One advice is to provide products that your customers find useful and better than those of your competitors. When clients start choosing your business over the others, you will be sure that you will now start making profits.

You should also get rid of self-doubt if you want your business to be successful. Most of the modern entrepreneurs offer the same advice on how to start a business. It is good to believe that you have the ability to do anything that is within your ability in business. You need to be ready to face many obstacles and setbacks when you are building your business. The confidence you have in yourself and also the ability to persevere will help you to keep on. The bottom is always the starting point even for the successful businesses today. They are where you are today, and they have worked hard to be where they are.

It is good to ensure that the opportunity you have decided to invest in is the right one to increase your chances of success. You should not just rush and start a business in any market. You should think of investing in market gaps that have higher chances of bringing in more profits. Offer clients products that they cannot easily find in the market.

If you want to be successful in business, you have to invest yourself. You should make yourself conversant with the important activities in the business such as marketing, sales, business communication and management. Familiarising yourself with the business functions will help you overcome all the challenges that might come your way when you are running the firm. As an alternative, take advantage of the frequent business training programs to become more skilled in running business.

Marketing is an important part of any business. The marketing strategies that your business adopts should be effective. It is good to choose a technique that will give you the best results in the shortest period possible. Ensure the efficiency of your marketing campaigns be hiring qualified marketers. If you want to reach a lot of potential clients, you have to hire qualifies distributors. You also have to ensure that the marketing strategies you are using are up to date.

When you are seeking business advice, you should seek it from people you trust and have confidence in.

Hire Travel Agencies For Your Business Travel

When going to a foreign destination on a business trip, there are a lot of things to be taken care of, especially if it is your first business travel. To make your business trip easier it is always advisable to hire a travel agency to take care of all your travelling matters.There are many travelling organisations in Australia that can help you with your business trip. They will plan all the details of your trip meticulously for you, right from the onset till the last moment of your stay in your foreign destination. Business travel is a complete opposite of a leisurely vacation. The first and most prominent point of difference is that you are not going there to take a leisurely break from work, but you are going to a foreign land for work! Therefore, these trips need proper and thorough meticulous planning. Travel agencies take care of all the planning that is to be done according to your requirements, Business air travel bookings, hotel room bookings, arrangements of meetings, and many more things on the same lines. These agencies know all the needs of business travellers and also the fact that they travel quite frequently to particular business destinations. Therefore, to attract these frequent business travellers and to furnish their own accounts, they come up with alluring business travel packages that snugly fits every traveller’s pocket! Apart from just being affordable, these packages also include comfortable stay hotel booking, affordable business air tickets, fine cuisines and dining, and best arrangements for business conferences and meetings.

For a frequent business flier, it is always recommended to hire an agency that specialises in business travelling. These agencies are experts in this area and can provide you with best possible arrangements and services at an affordable price. You can expect best experience in reasonable fees, after hiring these travel experts. These agencies can also provide you with a perfect combination of two types of travel packages, that is, which includes site seeing and pleasure activities after your business work is over. The package includes trips to the popular tourist attractions, cruises, amusement parks, site seeing and exploration of the place. There are many agencies that provide packages for both travel purposes – business and leisure. People going on business can take up such packages to explore the place after finishing the business or in the evenings or anytime of the day in between the business meetings and other official activities. These are the best economical packages for leisure and business travel. These packages can make you attend your business activities, while your family can indulge in the leisurely activities. Hiring travelling agencies not only saves you money but also makes your business trip a lot easier for you and your family.

The Truth About Business Travelers: I Am Pleasantly Surprised!

Traveling a lot for work recently has provided me with some unique opportunities to observe people. There are lots of stories and jokes and stereotypical characteristics about road warriors – people who travel a lot on business – and I expected to run into a lot of confirming examples. But what I’ve discovered is the few are creating an image to the detriment of the many. Here are 5 debunked myths about road warriors that may surprise you:

1. They enjoy freedom from the office while on the road. Quite the contrary, 80% to 90% of all the business travelers I see are working while traveling. They are talking quietly on the phone with conference calls while waiting in the airport, they pull out their laptops or tablets and start working as soon as we hit 10,000 feet in the air. Most business travelers are quite literally tethered to their offices and they don’t waste time hanging out or lolly gagging around. They are working.

2. They enjoy chatting about where they’ve been and how important they are at work. OK, so there are a few braggarts running around out there, but most of this behavior is seen only in the movies. Sure, rookies may fall into this trap for a little while but the vast majority of business travelers keep to themselves and work. The bad mannered folks fluffing their plumage at anyone who will listen are few and far between. You could be sitting next to a CEO or an Entrepreneur who makes 7 figures and you probably won’t know it. I really believe most business travelers see travel time as their own time to work and think with minimal interruptions.

3. They are rude. We’ve all heard the stories. I’ve witnessed a few business folks behaving in ways that would embarrass the crud out of their mothers, but on the whole the vast majority of business travelers I’ve seen recently have been considerate of the people around them. They talk in low voices while on the phone, they follow the FAA rules about electronic equipment usage, they patiently wait in line for the family with 3 kids, 7 bottles of water, 6 roller bags and a stroller to clear security. They don’t usually push and shove to get in or out of a line. And they don’t demand special attention from gate agents, flight attendants, hotel staff, or drivers. The rudest travelers I’ve observed lately have been folks on vacation.

4. They get to eat in fancy restaurants every night. I suppose some could afford it, but the reality is the fancy restaurants are an exception for the practiced business traveler. The rookies may try this for a while, but they learn pretty quickly that fancy meals and late nights make working on the road miserable. Most business travelers eat at the hotel where they are staying or a local take out. They are focused on getting something to eat, getting work prepared for the next day and getting some sleep. People who don’t travel a lot find it hard to believe but when you are on the road what you get hungry for is a simple meal like you can easily fix at home.

5. Business travel is glamorous. Yes, there are perks like frequent flyer miles and hotel points. But business travel is a lot about waiting to get where you are going, fitting in as much business as you can while you are there, and then going home. Its airports and hotels and offices and meetings. There’s very rarely time for sightseeing. Most experienced business travelers treat the travel as a normal part of their day – just a long commute. Interestingly, I think business travelers tend to be more focused on getting the job done while they are traveling so that they can relax when they go home.

Whether you are an entrepreneur or a corporate exec, your ability to expand your impact in the world is enhanced by business travel. It’s nice to know that most of the fellow travelers you’ll meet on the road are just regular people focused on doing a good job. Sure, there will be the occasional twit and some pretty funny stories to share, but most of it is routine as you join the ranks of the polite, yet focused business travelers.

Business Travel Tips

Business Travel Tips; Reduce Stress and Enjoy Yourself

Traveling for Business is Less Stressful When You Take Time to Prepare and Organize.

Here are a few tips for your business travel that will make that time away from home just a bit more enjoyable. Let’s start with packing for business travel. Start with the purchase of a good carry one bag. Any seasoned business traveler will tell you carry on is the only way to travel. It will keep you out of baggage claim and you will never have to worry about lost luggage. Buy a couple of good quality pieces constructed of polyurethane-treated fabric that have nylon zippers. The polyurethane will keep the moisture out and the nylon zippers are far less likely to snag.Consider keeping a duplicate of as much as possible when it comes to those things that you use on a daily basis such as your toiletries. This way you won’t have to worry about unpacking them when you return home. They can just stay in your business travel bags. You may also think about going to your local drugstore to purchase trial sizes of your toiletries. Try to pack your bag with space saving in mind. Cut down on the number of business suits for example by packing alternate shirts and ties that will go with the same suit.Women can change the look of a suit with different blouses, scarves, sweaters or jewelry. Pack socks and underwear inside your shoes. Not only does this save space but it will also help keep the shape of your shoes. Pack your belts around the edge of your suitcase. When considering the items to pack think of those things that are necessities and those items that may make your business travel just a little more comfortable.

Here is a business travel tip when choosing your mode of transportation. When choosing transportation for business travel the distance that you will be traveling should be considered. Although air travel is the first choice when it comes to long journeys for a shorter trip that is only a couple of hundred miles away a train or automobile may be the better choice. Take into account the time you would spend traveling to and from the airport. Also, don’t forget to consider the amount of time taken at the airport to check in, board, disembark and then find transportation to your final destination etc.

If you do choose to fly consider alternative airports just outside your departure and destination city. Typically these airports may have fewer flights but also will have less chance for overbooking and delays.

Always try to stay in hotels that cater to business travel. Most of these hotels will have high- speed internet access and will offer access to business machines. For unbiased reviews from other business travelers just like you we recommend that you research
hotel reviews at TravelPost.com

One of the more important business travel tips is to check your cellular service prior to leaving for another city. Check with your cell phone service provider. You may find that they don’t provide service where your business travel takes you and therefore you will need to find an alternate carrier for this trip.Can you imagine not finding out until you’re there!

Hope that you will find these business travel tips helpful and may all of your business travel bring further success!