INTERNATIONAL BUSINESS

ISSUES and CHALLANGES

By – Ayush Badhai
Roll- UBC21COM -189
2nd Year 4th semister
WHAT IS INTERNATIONAL BUSINESS:

The exchange of-

• goods and services
• resources and knowledge
• Skill and business among 2 and more countries

• Transaction that are carried out accross the national boundaries

To satisfy the objectives of Individual and organisation.
Some Of The Issues while carrying on
International Business are as follows.

• 1.Social Issues
• 2.Ethical Issues
• 3.Labour Issues
• 4.Environmental Issues
SOCIAL ISSUES

. The Country with which we do international trade might be ruled

by a corrupt leader or a party. Military rulers pose a serious threat
for international business.
• If the Home country and the trading country are at war. If two
countries are at war then there wont be any international trade
between them.
ETHICAL ISSUES

• 1.Employment practices
• 2.Human rights
• 3.Work Environment
• 4.Bribery and Corruption
• 5.Moral obligation of multinational firms
LABOUR ISSUES

1.Child Labor
2.Forced Labor
3.Health and Safety
4. Working Hours
5.Low Wages
.ENVIRONMENTAL ISSUES:

• Some countries prohibit the import of goods which cause

ecological damage.
• - Developing countries are affected by the relocation of polluting
industries from the developed it the developing ones.
• -The dumping of nuclear and hazardous wastes in developing
countries
Challenges Faced by International business

• 1. International company structure

• 2. Foreign laws and regulations
• 3. International accounting
• 4. Cost calculation and global pricing strategy
• 5. Universal payment methods
• 6. Currency rates
• 7. Choosing the right global shipment methods
• 8. Communication difficulties and cultural differences
• 9. Political risks
• 10.Supply chain complexity and risks of labor exploitation
• 11.Worldwide environmental issues
THANK YOU
😊