International Business: Competing in the Global Marketplace, 8/e
Charles W. L. Hill
ISBN: 0078137195 Copyright year: 2011
Feature Summary
Comprehensive and up-to-date – This text explains how and why the world's countries differ by presenting a thorough review of the economics and politics of international trade and investment and the functions and form of the global monetary system. Unlike other IB textbooks, it also examines the strategies and structures of international businesses and assesses the special roles of an international business's various functions. All these topics are covered with the utmost attention to currency and relevance.
Goes Beyond the uncritical presentation and shallow explanation of the body of knowledge – This text provides a critical approach that presents the arguments for and against economic theories, government policies, business strategies, organizational structures, and so on. Additionally, Hill explains the complexities of the many theories and phenomena unique to international business so the student might fully comprehend the statements of a theory or the reasons a phenomenon is the way it is.
Tight, Integrated Flow between Chapters – Integration has been achieved by organizing the material so that each chapter builds on the material of the previous ones in a logical fashion. Relationships of new materials to topics discussed earlier are pointed out to students to reinforce their understanding and reinforces understanding of the integrated whole.
The Focus on Managerial Implications – A section on Implications for Business is provided in the macro chapters where students often struggle seeing the practical application of the topic chapter. Opening and closing cases also bring practicality to the pages of the text. Additionally, Management Focus boxes provide lively illustrations of the relevance of chapter material for the practice of international business.
Makes important theories accessible and interesting to students – The author’s passion for the subject matter shines thru in his conversational writing, the anecdotes, and rich examples woven throughout the text. This makes Hill accessible for students at all levels.
Chapter 4, Ethics in International Business: In the wake of the numerous ethical scandals that swept through the business world recently, greater emphasis is placed on this vitally important topic. Like the text, the chapter is both rigorous and practical, covering not only the foundations of ethics, but also how ethics informs strategy as well as “how-to” steps for implementing ethics into strategic operational decisions. This chapter provides efficient coverage of ethics, which is recommended by the Association to Advance Collegiate Schools of Business (AACSB).
Country Focus boxes provide background on the political, economic, social or cultural aspects of countries grappling with an international business issue, raising students’ awareness of how national and geographic differences affect the conduct of international business. In Chapter 2, for example, one Country Focus box discusses how the economy of Venezuela has performed under the leadership of Hugo Chavez.
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2011 McGraw-Hill Higher Education