Charles W. L. Hill PhD - ISE International Business: Competing in the Global Marketplace (ISE HED IRWIN MANAGEMENT)

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INTERNATIONAL BUSINESS

Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121. Copyright 2021 by McGraw-Hill Education. All rights reserved. Printed in the United States of America. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of McGraw-Hill Education, including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning.

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ISBN 978-1-260-57586-6

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For my children, Elizabeth,

Charlotte, and Michelle

Charles W. L. Hill

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about the AUTHOR

Charles W. L. Hill

University of Washington

Charles W. L. Hill is the Hughes M. and Katherine Blake Professor of Strategy and International Business in the Foster School of Business at the University of Washington. Professor Hill has taught in the Management, MBA, Executive MBA, Technology Management MBA, and PhD programs at the University of Washington. During his time at the University of Washington, he has received over 25 awards for teaching excellence, including the Charles E. Summer Outstanding Teaching Award.

A native of the United Kingdom, Professor Hill received his PhD from the University of Manchester, UK. In addition to the University of Washington, he has served on the faculties of the University of Manchester, Texas A&M University, and Michigan State University.

Professor Hill has published over 50 articles in top academic journals, including the Academy of Management Journal, Academy of Management Review, Strategic Management Journal , and Organization Science. Professor Hill has also published several textbooks, including International Business (McGraw-Hill) and Global Business Today (McGraw-Hill). His work is among the most widely cited in international business and strategic management.

Professor Hill works on a private basis with a number of organizations. His clients have included Microsoft, where he taught in-house executive education courses for two decades. He has also consulted for a variety of other large companies (e.g., AT&T Wireless, Boeing, BF Goodrich, Group Health, Hexcel, Philips Healthcare, Philips Medical Systems, Seattle City Light, Swedish Health Services, Tacoma City Light, Thompson Financial Services, WRQ, and Wizards of the Coast). Additionally, Dr. Hill has served on the advisory board of several start-up companies.

For recreation, Professor Hill enjoys skiing and competitive sailing!

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brief CONTENTS

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THE PROVEN CHOICE FOR INTERNATIONAL BUSINESS

relevant. Practical. Integrated.

It is now more than a quarter of a century since work began on the first edition of International Business: Competing in the Global Marketplace. By the third edition the book was the most widely used international business text in the world. Since then its market share has only increased. The success of the book can be attributed to a number of unique features. Specifically, for the thirteenth edition we have developed a learning program that

Is comprehensive, state of the art, and timely.

Is theoretically sound and practically relevant.

Focuses on applications of international business concepts.

Tightly integrates the chapter topics throughout.

Is fully integrated with results-driven technology.

Takes full and integrative advantage of globalEDGE.
msu.eduthe Google-ranked #1 web resource for international business resources.

International Business, now in its thirteenth edition , authored by Charles W. L. Hill, is a comprehensive
and case-oriented version of our text that lends itself to the core course in international business for those courses that want a deeper focus on the global monetary system, structure of international business, international accounting, and international finance. We cover more and integrated cases in International Business 13e and we provide a deeper treatment of the global capital market, the organization of an international business, international accounting, and international financetopics that are allocated chapters in International Business 13e but are not attended to in the shorter treatment of IB in Global Business Today 11e .

Like our shorter text, Global Business Today 11e (2019), International Business 13e focuses on being current, relevant, application rich, accessible, and student focused. Our goal has always been to cover macro and micro issues equally and in a relevant, practical, accessible, and student focused approach. We believe that anything short of such a breadth and depth of coverage is a serious deficiency. Many of the students in these international business courses will soon be working in global businesses, and they will be expected to understand the implications of international business for their organizations strategy, structure, and functions in the context of the global marketplace. We are proud and delighted to have put together this international business learning experience for the leaders of tomorrow.

Over the years, and through now 13 editions,
Dr. Charles Hill has worked hard to adhere to these goals. Since Global Business Today 9e (2015), and International Business 11e (2017), Charles has been guided not only by his own reading, teaching, and research but also by the invaluable feedback he receives from professors and students around the world, from reviewers, and from the editorial staff at McGraw-Hill Education. His thanks goes out to all of them.

Comprehensive and Up-to-Date

To be relevant and comprehensive, an international business package must

Explain how and why the worlds cultures, countries, and regions differ.

Cover economics and politics of international trade and investment.

Tackle international issues related to ethics, corporate social responsibility, and sustainability.

Explain the functions and form of the global monetary system.

Examine the strategies and structures of international businesses.

Assess the special roles of the various functions of an international business.

Relevance and comprehensiveness also require coverage of the major theories. It has always been a goal to incorporate the insights gleaned from recent academic scholarship into the book. Consistent with this goal, insights from the following research, as a sample Page viii of theoretical streams used in the book, have been incorporated: