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Posted: July 2nd, 2023
Operating a business outside of its domestic border can be one of the most critical undertakings of that organization. Although it may lead to increased financial opportunities, there are many pros and cons to weigh, as well as many environments that affect business operations. Earlier in this module, we looked at three specific environments (economic, political, and legal) that affect, or influence, international business practices. Many businesses turn to operating internationally to not only gain new customers, but also to increase revenue. Revenue growth is not the only organizational objective, but it is a measure of organizational success.
Looking back at the three environmental factors covered in this module, select one of the following videos.
Java Films. (2009). Low carbon: The economics of climate change [Video file]. Retrieved from http://digital.films.com.vlib.excelsior.edu/PortalViewVideo.aspx?xtid=41403
For this discussion activity, respond to the following prompts:
Provide a clear and specific explanation of the environmental factors you saw in the video.
Detail how the individual factor within the video could affect international business.
List some of the advantages and disadvantages of incorporating or not incorporating this environmental factor in a business operating across national borders.
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