Overview of International Business Issues and Policies in the Global Context

Choo Eern Yie

Abstract


This article is designed to provide readers with broad-based understanding of current issues and policies in international business. The article also provide readers with an overview of how international business issues and policies knowledge plays a critical role in formation and implementation of business strategy in the global context. It helps to equip readers with the key concepts and principles, as well as guide them to understand the significance of having a global presence. The discussion is explained sufficient include facts, examples, theories, arguments and supporting research paper from various sources.

Keywords


Deglobalization; Industry 4.0; Expatriation; Isssues And Policies; International Busines

Full Text:

PDF

References


Riusala, K., and Suutari, V, “International knowledge transfers through expatriates,” Thunderbird International Business Review, Vol 46 Issue 6, pp.743-770, 2004.

Shortland, S., and Cummins, S, “Work‐life balance: Expatriates reflect the international dimension,” Global Business and Organizational Excellence, Vol 26 Issue 6, pp.28-42, 2007.

Zhang, L. E., and Peltokorpi, V, “Multifaceted effects of host country language proficiency in expatriate cross-cultural adjustments: a qualitative study in China,” The International Journal of Human Resource Management, Vol 27 Issue 13, pp.1448-1469.

Lee, H. W, “Perceptive of expatriation and cross-cultural adjustment,” Journal of Global Business Management, Vol 2 Issue 1, pp.22-30, 2006.

Brull, S, “Samsung Copes With Culture Shock,” The New York Times. Available at: https://www.nytimes.com/1995/05/11/business/worldbusiness/IHT-samsung-copes-with-culture-shock.html, 1995.

Rosenbusch, K., and Cseh, M, “The cross-cultural adjustment process of expatriate families in a multinational organization: A family system theory perspective,” Human Resource Development International, Vol 15 Issue 1, pp.61-77, 2012.

Mohn, T, “The burden on the expatriate worker's family,” The New York Times. Available at: https://www.nytimes.com/2008/12/02/business/worldbusiness/02iht-02expat.18311857.html, 2008.

Andreason, A. W, “Expatriate adjustment of spouses and expatriate managers: An integrative research review,” International journal of management, Vol 25 Issue 2, p.382, 2008.

Muenjohn, N., and Armstrong, A, “Transformational leadership: The influence of culture on the leadership behaviours of expatriate managers,” International Journal of Business and information, Vol 2 Issue 2, 2007.

Carroll, A. M, “Expatriate hiring: How are Indian businesses managing culturing integration?,” The Economic Times. Available at: https://economictimes.indiatimes.com/expatriate-hiring-how-are-indian-businesses-managing-culturing-integration/articleshow/5982457.cms, 2010.

Selmer, J, “Effects of coping strategies on sociocultural and psychological adjustment of Western expatriate managers in the PRC,” Journal of World Business, Vol 34 Issue 1, pp.41-51, 1999.

Feldman, D. C., and Bolino, M. C, “Increasing the skill utilization of expatriates,” Human Resource Management, Vol 39 Issue 4, pp.367-379, 2000.

Novicevic, M. M., Morf, D., Evans, M., Sanders, L., Sun, W., and Cecil, C, “Adapting Competencies for Emerging Markets: The Case of IKEA's Entry into China,” Journal of Applied Management and Entrepreneurship, Vol 17 Issue 2, p.4, 2012.

Black, J. S. and Gregersen, H. B, “The right way to manage expats,” Harvard business review, Vol 77 Issue 2, pp.52-53, 1999.

Baum, M., and Isidor, R, “The influence of the cultural context on expatriate adjustment,” In Expatriate Management, pp.165-190, 2017.

Solomon, C, “Repatriation Up, Down or Out,” The Workforce News. Available at: https://www.workforce.com/news/repatriation-up-down-or-out, 1995.

Lublin, J. S, “Repatriation Up, Down or Out Going Overseas for a Job? Coming Home Is the Hard Part,” The Wall Street Journal. Available at: https://www.wsj.com/articles/going-overseas-for-a-job-coming-home-is-the-hard-part-1504620001, 2017.

Sharma, N., Bhatt, J. K., and Singh, M, “Effectively managing expatriate assignments with HRM policies and practices,” Journal of Resources Development and Management, Vol 3, pp.17-21, 2014.

Fee, A., and McGrath-Champ, S, “The role of human resources in protecting expatriates: Insights from the international aid and development sector,” The International Journal of Human Resource Management, Vol 28 Issue 14, pp.1960-1985, 2017.

Arians, H, “The Right Way to Integrate and Manage Expats in Your Organization” Medium. Available at: https://medium.com/pldx-org/the-right-way-to-integrate-and-manage-expats-in-your-organization-58f145c930ce, 2017.

Sekiguchi, T., Froese, F. J., and Iguchi, C, “International human resource management of Japanese multinational corporations: Challenges and future directions,” Asian Business & Management, Vol 15 Issue 2, pp.83-109, 2016.

Greimel, H, “Honda to make English official language by 2020,” Automotive News. Available at: https://www.autonews.com/article/20150703/OEM/150709942/honda-to-make-english-official-language-by-2020, 2015.

Postelnicu, C., Dinu, V., and Dabija, D. C, “Economic deglobalization–from hypothesis to reality,” Economics and Management, Vo 18 Issue 2, pp.4-14., 2015.

Weldon, D, “Is deglobalisation on the way?,” BBC News. Available at: https://www.bbc.com/news/32783365, 2015.

Sułkowski, Ł, “Covid-19 pandemic; recession, virtual revolution leading to de-globalization?,” Journal of Intercultural Management, Vol 12 Issue 1, pp.1-11, 2020.

Tan, H, “There will be a ‘massive’ shuffling of supply chains globally after coronavirus shutdowns,” CNBC News Economy. Available at: https://www.cnbc.com/2020/03/20/coronavirus-shocks-will-lead-to-massive-global-supply-chain-shuffle.html, 2020.

Bbc.com., “Nissan to shut Japan factory due to shortage of Chinese parts,” BBC News. Available at: https://www.bbc.com/news/business-51441344, 2020.

Ewing, J, Boudette, N. E. and Abdul, G, “Virus Exposes Cracks in Carmakers’ Chinese Supply Chains,” The New York Times. Available at: https://www.nytimes.com/2020/02/04/business/hyundai-south-korea-coronavirus.html, 2020.

Flejterski, S, “Globalization and Deglobalization–Costs and Benefits, Winners and Losers,” Logistics and Transport, Vol 39, pp.79-86, 2018.

Dentons.com., “Covid-19 and its impact on the global economy,” Dentons Insights. Available at: https://www.dentons.com/en/insights/alerts/2020/march/11/covid-19-and-its-impact-on-the-global-economy, 2020.

Smith, J, “Port of Los Angeles Sees Coronavirus Impact Sharply Reducing Imports,” The Wall Street Journal. Available at: https://www.wsj.com/articles/port-of-los-angeles-sees-coronavirus-impact-sharply-reducing-imports-11582648931, 2020.

Phillips, E. E, “Empty Hanjin Containers Pile Up, Causing Headaches at Southern California’s Ports,” The Wall Street Journal. Available at: https://www.wsj.com/articles/empty-hanjin-containers-pile-up-causing-headaches-at-southern-californias-ports-1475782623, 2020.

Garg, S., and Sushil, “Deglobalisation as a challenge: a case study of the USA,” Journal for Global Business Advancement, Vol 11 Issue 6, pp.753-775, 2018.

Moyo, D, “Are Businesses Ready for Deglobalization?,” Harvard Business Review. Available at: https://hbr.org/2019/12/are-businesses-ready-for-deglobalization, 2019.

Williams, C, “COVID-19: China’s e-commerce,” Global Risk Insights. Available at: https://globalriskinsights.com/2020/05/covid-19-chinas-e-commerce/, 2020.

Leesa-Nguansuk, S, “Quick action helps firms seize opportunity in crisis,” Bangkok Post Business. Available at: https://www.bangkokpost.com/business/1899905/quick-action-helps-firms-seize-opportunity-in-crisis, 2020.

Almeida, P., and Phene, A, “Subsidiaries and knowledge creation: The influence of the MNC and host country on innovation,” Strategic Management Journal, Vol 25 Issue 8‐9, pp.847-864, 2004.

Wang, P., Tong, T. W., and Koh, C. P, “An integrated model of knowledge transfer from MNC parent to China subsidiary,” Journal of world business, Vol 39 Issue 2, pp.168-182, 2004.

Utsunomiya, Y, “Shiseido positions itself for China cosmetics boom,” The Japan Times News. Available at: https://www.japantimes.co.jp/news/2003/11/18/business/shiseido-positions-itself-for-china-cosmetics-boom/, 2003.

Chang, L, “Shiseido's Expansion Plans Center on Chinese Market,” The Wall Street Journal. Available at: https://www.wsj.com/articles/SB108004018440062798, 2004.

Lasi, H., Fettke, P., Kemper, H. G., Feld, T., and Hoffmann, M, “Industry 4.0,” Business & information systems engineering, Vol 6 Issue 4, pp.239-242, 2014.

Rüßmann, M., Lorenz, M., Gerbert, P., Waldner, M., Justus, J., Engel, P., and Harnisch, M, “Industry 4.0: The future of productivity and growth in manufacturing industries,” Boston Consulting Group, Vol 9 Issue 1, pp.54-89, 2015.

Lee, J., Bagheri, B., and Kao, H. A, “A cyber-physical systems architecture for industry 4.0-based manufacturing systems,” Manufacturing letters, Vol 3, pp.18-23, 2015.

Stock, T., and Seliger, G, “Opportunities of sustainable manufacturing in industry 4.0,” Procedia Cirp, Vol 40, pp.536-541, 2016.

Lu, Y, “Industry 4.0: A survey on technologies, applications and open research issues,” Journal of Industrial Information Integration, Vol 6, pp.1-10, 2017.

Miningreview.com, “Industry 4.0 is electrifying the mining industry,” Mining Review Africa. Available at: https://www.miningreview.com/health-and-safety/industry-4-0-is-electrifying-the-mining-industry/, 2019.

Hilbert, M, “Big data for development: A review of promises and challenges,” Development Policy Review, Vol 34 Issue 1, pp.135-174, 2016.

Bahrin, M. A. K., Othman, M. F., Azli, N. N., and Talib, M. F, “Industry 4.0: A review on industrial automation and robotic,” Jurnal Teknologi, Vol 78 Issue 6-13, pp.137-143, 2016.

Lampropoulos, G., Siakas, K., and Anastasiadis, T, “Internet of things in the context of industry 4.0: An overview,” International Journal of Entrepreneurial Knowledge, Vol 7 Issue 1, pp.4-19, 2019.

Bass, D. and Rauwald, C, “VW will connect 5 million cars through Microsoft cloud,” Automotive News Europe. Available at: https://europe.autonews.com/article/20180928/COPY/309289936/vw-will-connect-5-million-cars-through-microsoft-cloud, 2019.

Dedezade, E, “Volkswagen and Microsoft partner to create new Automotive Cloud,” Microsoft News Centre Europe. Available at: https://news.microsoft.com/europe/features/volkswagen-and-microsoft-partner-to-create-new-automotive-cloud/, 2018.

Hofmann, E., and Rüsch, M, “Industry 4.0 and the current status as well as future prospects on logistics,” Computers in industry, Vol 89, pp.23-34, 2017.

Wells, L. J., Camelio, J. A., Williams, C. B., and White, J, “Cyber-physical security challenges in manufacturing systems,” Manufacturing Letters, Vol 2 Issue 2, pp.74-77, 2014.

Craver, R, “Hanesbrands database hacked,” Winston-Salem Journal. Available at: https://www.journalnow.com/business/hanesbrands-database-hacked/article_543b338e-3664-11e5-b77e-c77df1e08b5c.html, 2015.

Prinsloo, J., Sinha, S., and von Solms, B, “A Review of Industry 4.0 Manufacturing Process Security Risks,” Applied Sciences, Vol 9 Issue 23, p.5105, 2019.

Zhong, R. Y., Xu, X., Klotz, E., and Newman, S. T, “Intelligent manufacturing in the context of industry 4.0: a review,” Engineering, Vol 3 Issue 5, pp.616-630, 2017.

Almada-Lobo, F, “The Industry 4.0 revolution and the future of Manufacturing Execution Systems (MES),” Journal of innovation management, Vol 3 Issue 4, pp.16-21, 2015.

Kirschenbaum, A., Oigenblick, L., and Goldberg, A. I, “Well being, work environment and work accidents,” Social Science & Medicine, Vol 50 Issue 5, pp.631-639, 2000.

Thesundaily.my, “Talent shortage will hamper nation’s Industry 4.0 aspiration,” The Sun Daily. Available at: https://www.thesundaily.my/local/talent-shortage-will-hamper-nation-s-industry-4-0-aspiration-NY331942, 2019.




DOI: http://dx.doi.org/10.52155/ijpsat.v28.2.3453

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Choo Eern Yie

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.