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Global Business

By Mike Peng

5th Edition © 2023
Discipline:Management
Course:International Business
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Introduce students to international business success with the strategic approach and unique coverage found in Peng's GLOBAL BUSINESS, 5E. This edition asks the big question, "What determines the success and failure of firms around the globe?" Award-winning scholar and author Mike Peng provides answers from both an institution-based view and resource-based view in every chapter, bringing unparalleled continuity to the learning process. Dr. Peng combines an inviting, conversational style with the latest scholarly research and examples that reflect recent global developments, including deglobalization, geopolitics and trade wars. New integrative and chapter cases, from the author and other international experts, examine how companies have expanded globally and responded to COVID. Unique debate sections draw students into meaningful discussions and encourage independent thinking, while MindTap digital resources offer course management and learning tools for analyzing and applying concepts.

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Higher Education

MindTap for Peng's Global Business, 1 term Printed Access Card

MindTap for Peng’s Global Business, 5th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging co…

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MindTap for Peng's Global Business, 1 term Instant Access

MindTap for Peng’s Global Business, 5th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging co…

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About this product

Introduce students to international business success with the strategic approach and unique coverage found in Peng's GLOBAL BUSINESS, 5E. This edition asks the big question, "What determines the success and failure of firms around the globe?" Award-winning scholar and author Mike Peng provides answers from both an institution-based view and resource-based view in every chapter, bringing unparalleled continuity to the learning process. Dr. Peng combines an inviting, conversational style with the latest scholarly research and examples that reflect recent global developments, including deglobalization, geopolitics and trade wars. New integrative and chapter cases, from the author and other international experts, examine how companies have expanded globally and responded to COVID. Unique debate sections draw students into meaningful discussions and encourage independent thinking, while MindTap digital resources offer course management and learning tools for analyzing and applying concepts.

A UNIQUE, UNIFIED FRAMEWORK OFFERS CONSISTENCY AND CONTINUITY FOR READERS. This edition's unified framework asks one fundamental question: “What determines the success and failure of firms around the world?” This edition answers this thought-provoking question in every chapter from two core perspectives -- the author presents both a institution-based view and a resource-based view.

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.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Dedication
List of In-Chapter Features and Integrative Cases
Preface
Acknowledgments
About the Author
Part 1. Laying Foundations
Part 2. Acquiring Tools
Part 3. Strategizing Around the Globe
Part 4. Building Functional Excellence

Part 1. Laying Foundations

Chapter 1. Introduction
Preview this section ↗
1-1. International Business and Global Business ↗
1-2. Why Study Global Business? ↗
1-3. A Unified Framework ↗
1-3a. One Fundamental Question ↗
1-3b. First Core Perspective: An Institution-Based View ↗
1-3c. Second Core Perspective: A Resource-Based View ↗
1-3d. A Consistent Theme ↗
1-4. Globalization and Semiglobalization ↗
1-4a. Three Views on Globalization ↗
1-4b. The Swing of a Pendulum ↗
1-4c. Black Swan and Risk Management ↗
1-4d. Semiglobalization ↗
1-5. Global Business and Globalization at a Crossroads ↗
1-5a. A Glance at the Global Economy ↗
1-5b. The Globalization Debate and You ↗
1-6. Debates and Extensions ↗
1-6a. Debate 1: Globalization versus Deglobalization ↗
1-6b. Debate 2: Strategic versus Nonstrategic Industries ↗
1-6c. Debate 3: Just-in-Time versus Just-in-Case Management ↗
1-7. Implications for Action: The Future of Global Business in a Less Global World ↗
1-8. Structure of the Book and the Discipline ↗
Chapter Summary ↗
Key Terms ↗
Review Questions ↗
Critical Discussion Questions ↗
Global Action ↗
Closing Case Emerging Markets. Are US Multinationals Good for America? ↗
Chapter 2. Formal Institutions: Politics, Laws, and Economics
2-1. Understanding Institutions
2-2. What Do Institutions Do?
2-3. An Institution-Based View of Global Business
2-4. Political Systems
2-4a. Democracy
2-4b. Totalitarianism
2-4c. Authoritarianism
2-4d. Political Risk
2-5. Legal Systems
2-5a. Civil Law, Common Law, and Theocratic Law
2-5b. Property Rights
2-5c. Intellectual Property Rights
2-6. Economic Systems
2-7. Debates and Extensions
2-7a. Debate 1: Drivers of Economic Development: Culture, Geography, or Institutions?
2-7b. Debate 2: Private Ownership versus State Ownership
2-8. Management Savvy
Chapter Summary
Key Terms
Review Questions
Critical Discussion Questions
Global Action
Closing Case Emerging Markets. Democracy, Development, and COVID
Chapter 3. Informal Institutions: Cultures, Ethics, and Norms
3-1. Culture
3-1a. Where Do Informal Institutions Come From?
3-1b. Definition of Culture
3-1c. Language
3-1d. Religion
3-1e. Social Structure
3-2e. Education
3-2. Cultural Differences
3-2a. The Context Approach
3-2b. The Cluster Approach
3-2c. The Dimension Approach
3-2d. Culture and Global Business
3-3. Ethics
3-3a. Definition and Impact of Ethics
3-3b. Managing Ethics Overseas
3-3c. Ethics and Corruption
3-4. Norms and Ethical Challenges
3-5. Debates and Extensions
3-5a. Debate 1: Drivers of Economic Development: Western Values versus Eastern Values
3-5b. Debate 2: Cultural Change: Convergence versus Divergence
3-5c. Debate 3: Opportunism versus Individualism/Collectivism
3-5d. Debate 4: Cultural Distance versus Institutional Distance
3-6. Management Savvy
Chapter Summary
Key Terms
Review Questions
Critical Discussion Questions
Global Action
Closing Case Ethical Dilemma. Cut Salaries or Cut Jobs?
Chapter 4. Resources and Capabilities
4-1. Understanding Resources and Capabilities
4-2. Value Chain and Outsourcing
4-2a. Resources, Capabilities, and Value Chain
4-2b. In-House versus Outsourcing
4-3. From SWOT to VRIO
4-3a. Value
4-3b. Rarity
4-3c. Imitability
4-3d. Organization
4-4. Debates and Extensions
4-4a. Debate 1: Domestic Resources versus International (Cross-Border) Capabilities
4-4b. Debate 2: Offshoring versus Not Offshoring
4-4c. Debate 3: Economies of Scale versus 3D Printing
4-5. Management Savvy
Chapter Summary
Key Terms
Review Questions
Critical Discussion Questions
Global Action
Closing Case Emerging Markets. Adidas
Integrative Case 1.1. Two Scenarios of the Global Economy in 2050
Integrative Case 1.2. The Future of the Automobile Industry
Integrative Case 1.3. (De)Globalization, Conglomeration, and COVID-19
Integrative Case 1.4. The Peril and the Promise of Russia
Integrative Case 1.5. Kirin Beer in Myanmar
Integrative Case 1.6. The Future of Cuba
Integrative Case 1.7. State Grid Corporation of China: High Voltage for the World
Integrative Case 1.8. Occidental Petroleum: From Also-Ran to Segment Leader
Integrative Case 1.9. BestToyTex Deals with IPR Challenges in China
Show more

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