International Business Essay Example | Topics and Well Written Essays - 1500 words - 5

International Business - Essay Example International business, provided with its nature is a principal determinant of international trade. One of the consequences on the growing achievement of international business ventures could be attributed to globalization. Trade assists in the prevention of conflict. International business fundamentally is concerned with trade, and provided that people trade, they essentially are in contact with each another. As an outcome, there is less separation that the countries are able to do. Provided that countries start to interact by means of trade, they are less expected to clash. This is also connected to the theory that democratic states are less probable to result to war with one another since they are interrelated and reliant on each others victory. There are several factors which affect the nature of international business and the companies that are involved in it. Firstly, there are challenges to the manner in which people belonging to these organizations balance their work and their personal life. Essentially, organizations should be able to work out resolutions to help boost their companies and to address this continuing challenges. However it would do well to discuss certain influences that present these challenges to international business. There are several factors which affect the nature of the organizations involved in International Business. Some of these are culture and tradition, the role played by key stakeholders, available resources in the community, public policies, as well as the demographics. Culture together with tradition affects the manner in which organizations as well as its personnel interact with each other. Culture and tradition have a tendency to affect the goal setting activity, work activity as well as feedback gathering and receiving of the organization. These two factors also have a propensity to affect the kind of allowances and rewards given, work-life interface and even