About common and distinctive signs of the terms “international business” and “international management”
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Date
2021
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Journal ISSN
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
There is not any similar understanding of the content of the concepts of “International Business” and “International Management”. When figuratively speaking, “Business” and “Management” are two sides of the same coin. One is the management system and the other is the managing (controlling) system. There is no business without management and vice versa.
There are a lot of essential differences between running business within the frames of one
country and commercial activity on the International arena, and these differences form necessity of adequate changes in management system.
The main goal of “International Business” is to gain much more profit between organizations operating in different (two or more) countries than it is possible within one country as a result of business interdependencies and business operations (firms, companies, corporations and their branches).
International Management is a special type of management, the main goals of which are to form, develop and use the competitive advantages of international business organizations (their branches) based on doing business in different countries; As well as study of the economic, social, demographic, cultural and other peculiarities of these countries in-depth and use them to develop their own business activities.
Successful salvation of the above mentioned tasks requires from International Managers and others, increasing of their cultural awareness and knowledge of global thinking.
Description
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Keywords
“International Business as a Managed System”, “International Management as a Managing System”, “International Management Environment”, “Business Organization”, “Multinational Corporation”
Citation
VI International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2021, pp. 346-353