Title: What is the definition of Global Business Environment? - Answers
Headings: What is the definition of Global Business Environment
?

What is the definition of Global Business Environment?
Your Answer
What is the definition of Global Business Environment?

Content: What is the definition of Global Business Environment? - Answers
Computers
Business Plans
Economics
Business Globalization
What is the definition of Global Business Environment? Asked by Wiki User
See Answer
Top Answer
Wiki User
Answered 2010-10-13 13:55:45
The ICFAI center for management research state that the global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. This includes the social, political, economic, regulatory, tax, cultural, legal, and technological environments. The political environment in a country influences the legislations and government rules and regulations under which a foreign firm operates. The economic environment relates to all the factors that contribute to a country's attractiveness for foreign businesses. Every country in the world follows its own system of law. A foreign company operating in that particular country has to abide with its system of law as long as it is operating in that country. The technological environment comprises factors related to the materials and machines used in manufacturing goods and services. Receptivity of organizations to new technology and adoption of new technology by consumers influence decisions made in an organization.