Summary of Why International Business

00:00:00 - 00:05:00

International business is a growing trend and can be profitable for those who are willing to think outside the box and adjust their business practices to suit the alien planet they are selling to. Consider the social, economic, and legal factors of the planet you are selling to, as well as the technological environment. If you decide to go ahead with international business, be prepared to adapt to the differences.

• 00:00:00 International business is different from doing business in one's home country. Many of the assumptions business students make about the business world when doing domestic business don't apply in an international setting. For example, in an international setting, it is important to question assumptions about currency, laws, and other regulations. Additionally, when doing business internationally, it is important to be familiar with the cultural differences between countries.
• 00:05:00 International business is a growing trend and can be profitable for those who are willing to think outside the box and adjust their business practices to suit the alien planet they are selling to. Consider the social, economic, and legal factors of the planet you are selling to, as well as the technological environment. If you decide to go ahead with international business, be prepared to adapt to the differences.