International Business Development
International Business Development evolves through the normal processes of trade, foreign direct investment (FDI), capital flows, migration, and the advancement of technology in undeveloped nations. In order to achieve sustainable global business development, business professionals often must finds ways of adapting to the cultures and societies within which they operate and conduct business.
As the globalization of economies, societies, and cultures continues, and nations become more integrated through networks of exchange, international business development and global strategic management continues to evolve. Global firms that employ business development professionals in multiple locations who share the exact same body of knowledge, ethics, practices, and standards benefit from a shared body of knowledge and ethics. These companies are well positioned for growth, as are the societies in which they operate.
The international business development and global strategic management industry is a specialized field of commerce that penetrates existing markets, and often CREATES new ones, by introducing new products and services to businesses, individuals, non-profit organizations, and government agencies. Topics that are common to international business development include ethics, philosophy, economics, politics, marketing, management, and technology. International business development professionals require knowledge of the legalities of strategic relationships, licensing, partnering, intellectual property, emerging technologies, fair practices, cultural differences, international marketing, information management, knowledge management, finance, and advertising, all of which affect business development within a culture and its economy.
References
The Journal of International Business Development. * 1