Katalin Mihalkovné Szakács (ed.)

Business Management

Starting up, Growth, Development


Summary: The economics of internationalization

World trade has become more intense in recent decades due to globalization, free trade agreements and the reduction of transaction costs. In terms of corporate economics, outward and inward foreign market activities can be distinguished from each other. Nonetheless, relatively underdeveloped enterprises tend to be more vulnerable in the first stages of entering international markets. International market activity is also typical for early internationalists, but certainly upon reaching adulthood a more stable organizational and financial background for internationalization is usually provided. International market activities have many pros and cons. Primarily, in smaller countries domestic enterprises sense the limits to growth relatively early. It is not uncommon to decide to internationalize because of higher revenue or cheaper resource driven objectives. However, an important counterargument exists in increases in risk and the product/service loses its ‘exportability’ or competitive advantage if an enterprise stays at home. Through applying different motivational factors and arguments and counterarguments, enterprises can formulate an ideal international market strategy based on market research in relation to their activities.

Business Management

Tartalomjegyzék


Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2024

ISBN: 978 963 664 039 2

This comprehensive textbook is designed both for university students and aspiring entrepreneurs by offering a deep dive into the complexities of business management, from startup to growth and establishment. Whether you are a student of business development, a founder of a new enterprise, or someone looking to expand an existing business, this book provides you with essential insights into the entrepreneurial journey.

Divided into two parts, the textbook begins by addressing general business development topics, using a model-based approach to describe the stages of enterprise development. It then delves into specific challenges faced by startups, including the dynamics of family businesses and the intricacies of international expansion. Content is enriched with real-life examples, problem-solving tasks, and project-based learning opportunities, ensuring that students not only understand theoretical concepts but also apply them in practical scenarios.

Readers will gain a holistic understanding of the various aspects of business management, including finance, marketing, sales, logistics, and human resources. The textbook emphasizes the importance of systematic thinking, quick decision-making, and the ability to see the bigger picture, which are all crucial for achieving entrepreneurial success.

Aimed at both bachelor’s and master’s level students, as well as professionals seeking further development, this book is a valuable resource for anyone interested in mastering the art and science of business management. With its blend of theoretical foundation and practical application, Business Management: Startups, Growth, and Development is essential reading for the next generation of entrepreneurs and business leaders.

Hivatkozás: https://mersz.hu/szakacs-business-management//

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