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Cross Border: Opportunities and Challenges in International Business

Published Date: September 12th 2024

Page Length: 425

Language: English

ISBN: 978-1-80053-710-1

Price: £43.30


Introduction

The deepening of economic globalization has made the international market more open, and trade barriers between countries have gradually been reduced, allowing enterprises to enter a broader market. Through this market expansion, enterprises can not only expand their customer base and increase sales, but also gain more market share. In addition, the opening up of the global market has brought about a rich distribution of resources, which are unevenly distributed in different regions. Through the development of international business, enterprises have the opportunity to enter resource rich regions and obtain more raw materials. This not only helps to reduce production costs, but also optimizes the supply chain and enhances product competitiveness. In addition, globalization has brought about more diverse human resources. Enterprises can recruit high-quality employees globally and enhance their research and innovation capabilities by leveraging the strengths and advantages of different regions. The optimized allocation of these resources enables enterprises to be more competitive in a globalized market environment. 

The development of international business has also brought unprecedented challenges, and cultural, legal, and policy differences between different countries have brought many uncertainties to enterprises. This article aims to explore the key issues encountered by Chinese enterprises in the process of internationalization, covering multiple aspects such as exchange rate risk management, supply chain risk control, the development of international business of commercial banks, and internationalization strategies of cloud computing enterprises. In Chapter 1 Introduction, we will discuss how the trend of economic globalization is driving the expansion of international business for enterprises, and analyze the importance of international business control and tax management in global operations. Economic globalization provides enterprises with broader markets and more opportunities, but also requires them to pay more attention to compliance and risk control in cross-border operations. Chapter 2 focuses on the management of exchange rate risk by Chinese multinational corporations. Exchange rate fluctuations are a significant risk in international business, affecting the profits and financial stability of multinational corporations. This chapter will introduce the basic theory of exchange rate risk, analyze the exchange rate risk management practices of Bailong Oriental, and explore how to improve the exchange rate risk management capabilities of enterprises to cope with the constantly changing market environment. Chapter 3 will explore the current situation and challenges of Chinese commercial banks in the development of international business. The internationalization process of commercial banks involves multiple aspects such as market expansion, service innovation, and risk control. By analyzing the international business situation and difficulties of the case bank, this chapter provides suggestions and safeguard measures to promote the development of the bank's international business, aiming to promote the globalization process of the banking industry. Chapter 4 discusses the practices and challenges of Chinese cross-border e-commerce enterprises in supply chain risk management. With the rapid development of the e-commerce industry, the complexity and risks of the supply chain have also increased. This chapter will start from the basic concepts of supply chain risk management, analyze the specific risks faced by cross-border e-commerce enterprises, and provide strategies and measures to deal with supply chain risks to ensure the stable operation of enterprises. Chapter 5 focuses on the internationalization development of Chinese cloud computing enterprises. The rapid development of the cloud computing market has brought new opportunities for enterprises, but at the same time, it has also brought competition and challenges. This chapter will explore the current development status of internationalization of cloud computing enterprises through SWOT analysis, propose corresponding strategies, and provide guidance for enterprises to seek further development in the global market. 


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