International Business: Norms of Morality and Local Cultures

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1. INTRODUCTION

International Business is a business where all the activities pass through the other country’s borderline. This definition includes international trade and manufacturing abroad, industry’s service in a field like transportation, tourism, banking, advertisement, construction, retail trade, big trade and mass communication.

There are two reasons to running the International Business, first is specialization between nations. In a relation with an advance or a certain power with all its weakness, therefore a country must be choose a strategic option to produce a strategic commodity. The second is the consideration of business development. A company that already moves in some kind of business inside a country often tries to develop their company to the other country.

In international business there are many activities that a company can do. A company that enters international business usually makes them gets involved from the simple step that doesn’t have any risks until the complex step and contain a highly risk, therefore these are the activities:

• EXPORT INCIDENTAL (Incident At EXPORT)

In order to get involved to the world of International business, a company is generally started from the earliest involvement with export incidental. In this early step generally occurs when the presence of the arrival of foreigners in our country then he buys stuff or goods and then we have to send it to a foreign country.

• ACTIVE EXPORT

Those early step then develop and later there is a business connection that routine and even that transaction as the days gone by become more active.

• LICENSING

Next step is license selling. In this step, a newcomer country selling the license or brand from its product to the ho...

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3. http://www.lubconinternational.com/history-of-the-oil-industry Retrieved 26 November 2012

4. Economy of Oil. ISBN 0-19-730014-6. (Khan, Ahmad)

5. Environmental Resources Managers Ltd, Niger Delta Environmental Survey

6. http://en.wikipedia.org/wiki/Petroleum_industry_in_Nigeria

7. Ethics For International Business

8. Economy of Oil. ISBN 0-19-730014-6. (Khan, Ahmad)

9. U.S. Energy Information Administration (U.S. EIA), “Nigeria Country Analysis Brief,” December 1997.

10. McLennan, James; Stewart Williams (Feb 2005).

11. Nigeria: Naccima Says Oil Sector Is Killing Economy, Africa: AllAfrica.com, 2013

12. Nigerian Crude and Gas Industry (NigeriaBusinessInfo.com)

13. http://www.ogbus.ru/eng/authors/Odularo/Odularo_1.pdf

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