International Business: The New Realities, Global Edition, 5th edition

Published by Pearson (September 19, 2019) © 2020

  • S Tamer Cavusgil Georgia State University
  • Gary Knight Willamette University
  • John R. Riesenberger President, Consilium Partners , Thunderbird School of Global Management (retired)

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For courses in international business.

This ISBN is for the bound textbook, which students can rent through their bookstore.

A modern approach to international business

International Business: The New Realities, 5th Edition caters to a post-millennial student audience, the most diverse and educated generation to date. The book connects to students of the technological age, facing a diverse and evolving economic environment fueled by the internet and multimedia sources. The authors understand and speak to what motivates this group, also known as Generation Z -- their reliance on technology, their drive towards achievement and helping their communities, and their desire to obtain skills they can apply towards meaningful jobs. By addressing their interests and issues such as the competitive job market and challenges faced by advanced economies, the text engages students in the material and preps them for successful careers in international business.

This title is also available digitally as a standalone Pearson eText, or via Pearson MyLab Management, which includes the Pearson eText. These options give students affordable access to learning materials, so they come to class ready to succeed. Contact your Pearson rep for more information.

This title is also available digitally as a standalone Pearson eText, or via Pearson MyLab Management, which includes the Pearson eText. These options give students affordable access to learning materials, so they come to class ready to succeed.

Taps into today’s students’ (Generation Z’s) interests and learning styles

· Updated - Visual learning features, such as interactive media and videos as well as exhibits, maps, and other visual aids help students learn the material.

· Relevant knowledge and job-related skills are showcased as examples and activities throughout the text to help students gain the skill sets they’ll need in an international business (IB) work world.

· Digital platforms play to Generation Z’s preference for accessing content digitally to enhance engagement, self-pacing, and customization of material to individual student needs. They also help ensure timely, up-to-date content is accessible to students.

· Contemporary issues that matter to Generation Z provide more relevant and in-depth coverage of IB topics such as emerging markets, developing economies, growth of the service sector, risks in IB, digital technologies, women in IB, and other important trends.

· Meaningful content covers ethics, corporate social responsibility, sustainability in IB, and more.

Highly accessible writing and explanations engage students

· New and Updated - Chapter-opening and -closing cases feature modern firms and subjects such as Apple, IKEA, Vodafone, H&M, K-pop, born global firms, social media in China, and the global movie industry, stimulating students’ desire to learn more about IB.

· Updated - Exercises and activities improve students’ critical-thinking and problem-solving skills.

· 174 Exhibits enhance the text’s readability and make explanations easier to understand.

· New - Watch It features links to 1 or 2 custom-designed videos on IB that clarify and provide real-world context to concepts and explanations.

· Simulations enhance and reinforce chapter content for students.

· Updated - All content is contemporary and reflects trends in international business today.

Pedagogical resources aid students’ learning

· Tangible Process Tools simulate real-world decision making by presenting students with managerial challenges and decisions professionals must make in the workplace.

· A group project on international corporate and social responsibility lets students debate the role of corporate social responsibility in IB.

· Updated - You Can Do it – Recent Grad in IB Biographies feature 11 actual university graduates who have embarked on fascinating careers in IB, inspiring students to do the same.

Also available anytime, anywhere with the standalone, digital Pearson eText, or via Pearson MyLab Management, which includes the Pearson eText.

Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience that can be adopted on its own as the main course material. It lets students highlight, take notes, and review key vocabulary all in one place, even

Taps into today’s students’ (Generation Z’s) interests and learning styles

· Visual learning features, such as interactive media and videos as well as exhibits, maps, and other visual aids help students learn the material.

Highly accessible writing and explanations engage students

· Chapter-opening and -closing cases feature modern firms and subjects such as Apple, IKEA, Vodafone, H&M, K-pop, born global firms, social media in China, and the global movie industry, stimulating students’ desire to learn more about IB.

· Exercises and activities improve students’ critical-thinking and problem-solving skills.

· Watch It features links to 1 or 2 custom-designed videos on IB that clarify and provide real-world context to concepts and explanations.

· All content is contemporary and reflects trends in international business today.

Pedagogical resources aid students’ learning

· You Can Do it - Recent Grad in IB Biographies feature 11 actual university graduates who have embarked on fascinating careers in IB, inspiring students to do the same.

Also available anytime, anywhere with the standalone, digital Pearson eText, or via Pearson MyLab Management, which includes the Pearson eText.

Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience that can be adopted on its own as the main course material. It lets students highlight, take notes, and review key vocabulary all in one place, even when offline. Learn more about Pearson eText.

MyLabTM is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about Pearson MyLab Management.

  • 1 Introduction: What Is International Business?
  • 2 Globalization of Markets and the Internationalization of the Firm
  • 3 The Cultural Environment of International Business
  • 4 Ethics, Corporate Social Responsibility, Sustainability, and Governance in International Business
  • 5 Theories of International Trade and Investment
  • 6 Political and Legal Systems in National Environments
  • 7 Government Intervention and Regional Economic Integration
  • 8 Understanding Emerging Markets
  • 9 The International Monetary and Financial Environment
  • 10 Financial Management and Accounting in the Global Firm
  • 11 Strategy and Organization in the International Firm
  • 12 Global Market Opportunity Assessment
  • 13 Exporting and Global Sourcing
  • 14 Foreign Direct Investment and Collaborative Ventures
  • 15 Licensing, Franchising, and Other Contractual Strategies
  • 16 Marketing in the Global Firm
  • 17 Human Resource Management in the Global Firm

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