Discoversuccess in global business today with the strategic approach and unique coverage found only in Peng's GLOBAL BUSINESS, 5E. This is the first global business text to ask the big question, "What determines the success and failure of firms around the globe?" Award winning scholar and author Mike Peng answers from both an institution-based and resource-based view in every chapter. This inviting, conversational approach highlights the latest research and examples of recent global developments New cases from international experts examine how companies are expanding globally and responding to COVID. Unique debate sections draw you into engaging discussions that sharpen your independent thinking and strengthen your perspective on business challenges. You examine today's geopolitics, risk management, tariffs and trade compliance, supply chain reorganization and management of stakeholder relationships. MindTap digital resources help you strengthen a global mindset that can advance your opportunities in any type of career.
UPDATES THROUGHOUT THIS EDITION HIGHLIGHT THE LATEST DEVELOPMENTS IN THE FIELD, BASED ON THE AUTHOR'S AWARD-WINNING RESEARCH. New coverage highlights today's deglobalization movement and the geopolitical competition with cases such as Apple in America and China (Ch. 1). New content addresses the impact of COVID on democracy, development and entrepreneurship (Ch. 2). This edition also examines the quest for diversity and inclusion with cases highlighting immigrant entrepreneurs (Ch. 9) and the drive for more diverse and inclusive company boards (Ch. 16).
NEW INTEGRATIVE CASES HIGHIGHT THE LATEST DEVELOPMENTS AROUND THE WORLD. In this edition 29 of the 34 Integrative Cases are new and address the latest challenges facing business. These cases, written by both the author and leading scholars and practitioners throughout the world, work within the book's unified framework to explore factors determining the success and failure of firms internationally.
NEW CHAPTER-OPENING AND CHAPTER-CLOSING CASES CAPTURE STUDENT INTEREST AND EMPHASIZE RELEVANCE. New intriguing Opening Cases draw students into each chapter and direct their attention to the latest topics and challenges discussed. New Closing Cases conclude the chapter by demonstrating the importance and relevance of the principles students have learned.
THE BOOK PROVIDES A UNIQUE STRATEGIC PERSPECTIVE TO INTERNATIONAL BUSINESS. This edition's unique strategic perspective, driven by unparalleled evidence-based research, gives students a better understanding of why firms succeed in today's highly competitive global environments.
ACTIONABLE "MANAGEMENT SAVVY" FEATURES PROMPT STUDENTS TO USE WHAT THEY'VE LEARN. "Management Savvy" features answer the question "So what?" as they clearly emphasize the practical implications of the research findings and concepts in every chapter.
A FULL CHAPTER (CH. 9) HIGHLIGHTS TODAY'S ENTREPRENEURIAL FIRM. With content found in few other international business texts, Chapter 9 focuses on entrepreneurship and provides an excellent balance to the book's heavy emphasis on major multinational firms. Students explore current global business from a one-of-a-kind, small-business perspective.
AWARD-WINNING AUTHOR DELIVERS THE LATEST, EVIDENCE-BASED COVERAGE. Dr. Peng is today's most cited and research-active international business textbook author. He is among the top 0.1% most-cited researchers worldwide and is one of 2020's 101 top business and economics scholars on the Highly Cited Researchers list compiled by Clarivate Analytics/Web of Science, an honor he has held every year since 2014. He has won the National Science Foundation (NSF) Career Award, JIBS Decade Award and Academy of Management Perspectives Decade Award and is a fellow of the Academy of International Business (AIB).
DEBATES AND CONTENT ENCOURAGE CRITICAL THINKING ABOUT GLOBAL BUSINESS. The author has crafted thought-provoking debates and extension sections in every chapter that engage students in discussions on cutting-edge topics and encourage them to think critically. These captivating discussions highlight how global business is a dynamic field that is constantly changing. Special "Management Savvy" features that follow focus on important lessons for students pursuing interests in global business.
MINDTAP ONLINE RESOURCES FOR GLOBAL BUSINESS OFFER A COMPLETE DIGITAL LEARNING SOLUTION. With MindTap you have the tools to both engage students and transform them into capable, critical thinkers. An accessible reader, dynamic assignments and applications extend learning opportunities. You are able to personalize the MindTap approach with material of your choosing. You also have real-time course analytics to track students' progress as individuals or as an entire class.
Naveen Jindal created the chair in June 2011. Peng filled the position in September 2011. The chair supports the research and scholarly activities of the holder in the Naveen Jindal School of Management.
Dr. Mike Peng is one of the most prolific and most influential scholars in global business strategy. With more than 120 articles, Peng is best known for his development of the institution-based view of strategy and his insights about the rise of emerging economies such as China in global business. Both the United Nations and the World Bank have cited his work. At UT Dallas, he has been the No. 1 contributor to the list of 45 top journals tracked by Financial Times. More than 40 of his articles appear on the Financial Times list. His best-selling textbooks, Global Strategy, Global Business and GLOBAL, have been translated into Chinese, Portuguese and Spanish, and are used in more than 30 countries.
An Academy of Management Perspectives study ranked Peng as the fourth-most influential scholar among all management professors who have received PhD degrees since 1991 based on impact inside and outside of academia. A study in the Asia Pacific Journal of Management found him to be the most-cited overseas Chinese scholar in strategy. In June 2015, the Journal of International Business Studies will present a Decade Award to Peng at the Academy of International Business annual meetings in Bangalore, India, for a highly cited paper that he published with K. Meyer in 2005 on Central and Eastern Europe.
Peng is a recipient of a National Science Foundation CAREER Award, a U.S. Small Business Administration Best Paper Award, a Distinguished Scholar Award from the Southwestern Academy of Management, and a Scholarly Contribution Award from the International Association for Chinese Management Research. He has been quoted in such major publications as The Economist, Newsweek, The Dallas Morning News, The Atlanta Journal-Constitution, The World Journal, Business Times (Singapore), CEO-CIO (Beijing), Sing Tao Daily (Vancouver) and Brasil Econmico (So Paulo), as well as on the Voice of America.
Peng joined UT Dallas in 2005. He previously served on the faculties of the University of Hawaii, Chinese University of Hong Kong and Ohio State University. He earned his bachelor of science in business administration from Winona State University and his doctorate in business administration from the University of Washington.
Mike Peng (Ph.D., University of Washington) is the Jindal Chair of Global Strategy at the Jindal School of Management, University of Texas at Dallas, where he is also Executive Director of the Center for Global Business. He is a National Science Foundation Career Award winner and a Fellow of the Academy of International Business and Asia Academy of Management. He is best known for his development of the institution-based view of strategy and his insights about the rise of emerging economies in global business.
With over 160 journal articles, five books, and over 50,000 Google citations, he is widely regarded as one of the most prolific and most influential scholars in global business strategy. Both the United Nations and the World Bank have cited his work. Every year since 2014, he has been found among Highly Cited Researchers, a list compiled by Thomson Reuters/Clarivate Analytics, which tracks the top 0.1% most cited researchers worldwide. In 2020, he is one of the only 101 scholars in the field of economics and business on the list.
How should we look at global business? - Chapter 1How do we understand formal institutions: politics, laws, and economics? - Chapter 2How do informal institutions govern individual and firm behavior in different countries? - Chapter 3How do firms leverage resources and capabilities? - Chapter 4Why do we trade internationally? - Chapter 5Why do firms engage in FDI? - Chapter 6How do firms deal with foreign exchange rates? - Chapter 7How can firms capitalize on global and regional integration? - Chapter 8How do entrepreneurial firms do business? - Chapter 9How do firms enter foreign markets? - Chapter 10How do firms deal with global competitive dynamics? - Chapter 11How do firms make alliances and acquisitions work? - Chapter 12What is the importance of multinational strategy, structure, and learning? - Chapter 13How do firms market their products and keep up their supply chain effectively? - Chapter 14How do firms manage human resources? - Chapter 15How do firms finance and govern the corporation globally? - Chapter 16How do firms manage corporate social responsibility globally? - Chapter 17Global Business - Peng - BulletPointsGlobal Business - Peng - ExamTicketsBack to topHow should we look at global business? - Chapter 1
International business (IB) is 1) a business (firm) that engages in international (cross-border) economic activities and/or 2) the action of doing business abroad. An often-used example of 2) is a multinational enterprise (MNE), which is a firm that engages in foreign direct investment (FDI), which is investment in, controlling, and managing value-added activities in other countries. However, global business, meaning business around the globe, is different from IB because it also includes domestic business activities.
3a8082e126