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Global Business

By Mike Peng

6th Edition © 2027
Discipline:Management
Course:International Business
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Introduce students to international business success with the strategic approach and unique coverage in Peng's "Global Business," 6th Edition. This edition asks the question, "What determines the success and failure of firms around the globe?" Award-winning scholar and author Mike Peng provides answers from an institution- and resource-based view in every chapter, bringing continuity to the learning process. An inviting, conversational style with the latest research and examples reflect recent global developments, including deglobalization, geopolitics and trade wars. Integrative and in-chapter cases examine how companies have been navigating the ups and downs of the global economy. 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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About this product

Introduce students to international business success with the strategic approach and unique coverage in Peng's "Global Business," 6th Edition. This edition asks the question, "What determines the success and failure of firms around the globe?" Award-winning scholar and author Mike Peng provides answers from an institution- and resource-based view in every chapter, bringing continuity to the learning process. An inviting, conversational style with the latest research and examples reflect recent global developments, including deglobalization, geopolitics and trade wars. Integrative and in-chapter cases examine how companies have been navigating the ups and downs of the global economy. 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.

Unified framework asks one fundamental question: “What determines the success and failure of firms around the world?” This edition addresses this thought-provoking question in every chapter from two core perspectives: an institution-based view and a resource-based view.

Unique strategic perspective, driven by unparalleled evidence-based research, gives students a better understanding of why firms succeed and fail in today's highly competitive global environments.

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 Bidirectional Swing of a Pendulum ↗
1-4c. Black Swan and Risk Management ↗
1-4d. Semiglobalization ↗
1-5. Debates and Extensions ↗
1-5a. Debate 1: Globalization versus Deglobalization ↗
1-5b. Debate 2: Just-in-Time versus Just-in-Case Management ↗
1-5c. Fostering Critical Thinking Through Debates ↗
1-6. Management Savvy: The Future of Global Business in a Less Global World ↗
1-7. Structure of the Discipline and the Book ↗
Chapter Summary ↗
Key Terms ↗
Review Questions ↗
Critical Discussion Questions ↗
Global Action ↗
Notes ↗
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
Notes
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
3-1f. 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
Notes
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. Outsourcing versus In-House
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
4-5. Management Savvy
Chapter Summary
Key Terms
Review Questions
Critical Discussion Questions
Global Action
Notes
Integrative Case 1.1. Career: Navar Shad
Integrative Case 1.2. Career: McKenna Schultz
Integrative Case 1.3. GLOBAL DEVELOPMENT INITIATIVE
Integrative Case 1.4. REDUCING UNCERTAINTY ABOUT LAND OWNERSHIP IN CANADA
Integrative Case 1.5. KIRIN BEER IN MYANMAR
Integrative Case 1.6. THE FUTURE OF CUBA
Integrative Case 1.7. KAREX BERHAD: THE WORLD’S LARGEST CONDOM MAKER
Integrative Case 1.8. MAERSK: CREATING AN ECOSYSTEM FOR GREEN SHIPPING
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