Global business definition PDF

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A global business is defined as a company that operates facilities in many countries around the globe. Compared to international businesses this is different because international businesses sell products worldwide but has facilities only in its home country. Examples are McDonalds, Kentucky Fried Chicken, and Starbucks. These companies have branches throughout the world.

The terms "global business, trans-national business, and multinational business are used interchangeably". Some researchers argue that global business and international business are different. According to Dr. Mike W. Peng, Global Business is defined as "business around the globe". They define Global Business as involving "transactions across borders, primarily through export-import trade and foreign direct investment (FDI)" where these transactions "are devised and carried out across national borders to satisfy the objectives of individuals, companies, and organizations" via wholly-owned subsidiaries or joint ventures.

In "A perspective on regional and global strategies of multinational enterprises" In using a firm's broad and deep penetration of foreign markets across the world as the prerequisite to qualifying as a global business, find that while many of the world's largest firms show characteristics of doing international business, they are not necessarily global but regional. Overall, the main idea of Global Businesses is to have a global presence in other countries and serve multiple regions in a globally competitive environment.

Source https://www.globalpolicyjournal.com/sites/default/files/Chiba%20-%20Global%20Business %2009.12.pdf Peng, M. (2011). Global business (2nd ed., p. 6). Mason, OH: South Western Cengage Learning....