Machine generated contents note: pt. One Context and Rationale
1.Introduction to International Business
1.1.Introduction
1.2.The growth of the global factory
1.3.Global patterns of international business
1.4.The traditional multinational enterprise and the global factory
1.5.Implications of the growth of the global factory
2.Theories of the International Firm
2.1.Introduction
2.2.Theories of the multinational firm: an evolution in thinking
2.3.Global value chains
2.4.Core principles of the `global factory' concept
2.5.Competitive advantages of the global factory
2.6.Entrepreneurship and its relationship with the `global factory' concept
3.International Business in Context
3.1.Introduction
3.2.The growth of international business
3.3.Explaining the growth of international business
3.4.Globalization
3.5.Business and globalization
3.6.The challenges of globalization
3.7.The torturous road to the global factory
Contents note continued: 4.International Trade Theory and the Firm
4.1.The role of the firm in international trade
4.2.International trade theory `without the firm'
4.3.International trade theory `with the firm'
4.4.`Barriered trade', and the arguments for and against protection
4.5.Digital trade
pt. Two The External Environment
5.The Institutional Dimension
5.1.Introduction
5.2.Institutional theory
5.3.Domestic laws and regulations
5.4.Supranational institutions and their regulatory impact
5.5.The implications of institutions for the global factory
6.The Political Dimension
6.1.Introduction
6.2.The rationale for government involvement
6.3.Elements of the political environment
6.4.Varieties of capitalism
6.5.Implications of the `varieties of capitalism' approach
6.6.Levels of geopolitical involvement
6.7.Political risk
6.8.Forecasting political risk
6.9.Managing political risk
Contents note continued: 6.10.Political negotiation and conflict
6.11.Implications for the global factory
7.The Societal Dimension
7.1.The importance of culture in international business
7.2.The concept of'culture'
7.3.Cultural distance and cultural friction
7.4.The main components of culture
7.5.Major large-scale studies of culture
7.6.The importance of culture and informal institutions: country and regional issues
7.7.Towards a universal culture?
7.8.The impact of the societal dimension when doing business around the world
7.9.Cultural stereotyping and the costs of transacting
7.10.The implications of cultural differences for managers of global factories
8.The Economic Dimension
8.1.Introduction
8.2.The availability, usefulness, and interpretation of economic indicators
8.3.Economic systems
8.4.National economic size
8.5.Changes in national economic size
8.6.The balance of payments
8.7.Inflation
8.8.Unemployment
Contents note continued: 8.9.Labour-related costs
8.10.Productivity levels
8.11.Taxation levels
8.12.National debt
8.13.Exchange rates
pt. Three Managing the Global Factory
9.Foreign Operations Modes
9.1.Introduction
9.2.Antecedents of choice of foreign operation mode
9.3.Alternative overseas operating modes
9.4.Entry timing
9.5.Mode switching
9.6.Divestment
9.7.Foreign operating modes of global factories
10.Corporate Social Responsibility
10.1.Introduction
10.2.Corporate social responsibility: some core concepts
10.3.Corporate social responsibility and the global factory
10.4.Corporate social responsibility and stakeholder theories
10.5.Sustainable development theories
10.6.Business ethics and human rights
11.Marketing Strategies
11.1.Introduction
11.2.What is `marketing'?
11.3.Is `international marketing' different from `national marketing'?
11.4.International market research
Contents note continued: 11.5.Intercultural market intelligence
11.6.Marketing decisions and implementation
12.International Production and Logistics Strategies
12.1.Introduction
12.2.The motives for international production
12.3.International production and sourcing
12.4.Managing an international supply chain
12.5.Competitive advantage through international production strategies
12.6.`Fine-slicing' international production
12.7.Knowledge exploitation and sourcing through international production
12.8.International production, logistics, and the global factory
13.Global Innovation Management
13.1.Introduction
13.2.Understanding the nature, types, and process of global innovation
13.3.From creativity to innovation
13.4.Innovation in the global economy: a competitive weapon or a defence mechanism?
13.5.Building innovation capabilities abroad
13.6.Creating and transferring knowledge across national borders
Contents note continued: 13.7.Open innovation in the global economy: acquiring new capabilities from the market
14.Financial Management Strategies
14.1.Introduction
14.2.The function and operation of exchange rates and currency markets
14.3.The global currency market
14.4.Currency arbitrage and speculation
14.5.Insuring against foreign exchange risk
14.6.Theories of exchange rate determination
14.7.The balance of payments and the exchange rate
14.8.Exchange rate forecasting
14.9.Exchange rates and the configuration of global factory networks
14.10.Exchange rate forecasting techniques
14.11.Types of foreign exchange risk
14.12.Transaction risk
14.13.Translation risk
14.14.Economic risk
14.15.Transfer pricing
15.Human Resources Management Strategies
15.1.Introduction
15.2.The challenges of international human resources management
15.3.Staffing policy
15.4.International training and management development
Contents note continued: 15.5.Performance appraisal
15.6.Compensation
15.7.International labour relations
15.8.Expatriate management
15.9.Repatriation
16.Cross-cultural Management Strategies
16.1.Introduction
16.2.Multiculturalism, cultural trends, and international business
16.3.Cultural clusters
16.4.Beyond cultural differences: the'clash of civilizations'
16.5.Culture and competitive advantage
16.6.Effectively managing cultural diversity
16.7.Global leadership
16.8.Multiculturalism and the global factory
17.Formulating the Strategic Response
17.1.Introduction
17.2.Approaches to strategy formulation
17.3.What strategy is not
17.4.What strategy is
17.5.Strategy formulation tools
17.6.International strategy formulation
17.7.Strategy formulation in small and medium-sized enterprises
17.8.Strategy formulation in service MNEs
17.9.Strategy and the global factory
18.Implementing the Strategic Response
Contents note continued: 18.1.Introduction
18.2.Organizational structure
18.3.Alternative organizational forms
18.4.Centralization and decentralization
18.5.Other coordination mechanisms
18.6.Strategy implementation in the global factory
18.7.International strategy control
19.Conclusions
19.1.Introduction
19.2.The competitive advantages of the global factory
19.3.Challenges facing the global factory
19.4.Some unresolved issues for the global factory
19.5.Anti-globalization and the global factory
19.6.The future of globalization and the global factory.

Practical, theoretical, global: provides a thorough grounding in economic and international business theory complemented by cases, examples, and IB insights from a diverse range of companies and cultures.