International Business Annotated Bibliography Analysis Essay

International Business Annotated Bibliography
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International Business Annotated Bibliography
International business is undergoing unprecedented transformation, development, and growth due to an increasingly globalized world. The wave of globalization is marked by increased mobility of goods and services, high technological penetration and innovation, and higher market liberalism. This trade phenomenon cause challenges within the realms of business regulation and trade policies. This paper is an anointed bibliography covering three core themes or topical international business issues, including technology and innovation, cultural conflict, and international business travel.
Technology and innovation
Technology and innovation are critical components behind the success of many international companies and corporations. Many multinational firms leverage technology and innovation to spur their growth and expansion by exploring foreign and local markets. International business organizations such as Alibaba, Amazon, Microsoft, and internet-based social media platforms such as Facebook deploy technology as a blueprint to their success.
Hovhannisyan, N., & Keller, W. (2019). International Business Travel and Technology Sourcing (No. w25862). National Bureau of Economic Research./papers/w25862
The authors highlight the relevance of access to new foreign technology as one of the centric resources to country’s socio-economic growth. How countries access foreign technologies remains a major concern. The authors observed that there is little literature about the quantitative effect related to outsourcing technology. The authors noted the importance of outward international business travel for technology sourcing and innovation in the context of Europe and the U.S and noted that innovation is increasing in the number of business travellers. The findings further showed that technology sourcing via in-person business travel is statistically and economically substantial, with approximately twenty per cent economic change.
Casson, M., & Wadeson, N. (2018). The economic theory of international business: A supply chain perspective. In The Multinational Enterprise. Edward Elgar Publishing.DOI: https://doi.org/10.4337/9781788110068.00014
The authors argue that successful international business will need to be anchored on effective supply chains. These supply chains networks are anchored on technology innovation for efficiency in terms of cost, time, accountability and traceability of the product. Innovative technologies to improve supply chain management by Keeping up with customer demand. Its implication in international busyness chain operation is profound, including better technological edge to ensure better accountability and visibility
Haseeb, M., Hussain, H. I., Ślusarczyk, B., & Jermsittiparsert, K. (2019). Industry 4.0: A solution towards technology challenges of sustainable business performance. Social Sciences, 8(5), 154.
 https://doi.org/10.3390/socsci8050154
According to Haseeb al (2019), Technology adoption remains major challenges for Small and Medium-sized Enterprises (SMEs) due to insufficient resources and technicalities surrounding market issues in both local and global business. The authors suggest that the adoption of Industry 4.0 may resolve technological challenges for Small and Medium-sized Enterprises (SMEs), allowing them to navigate the global business scene with more efficiency and adaptability. The potential of 4.0 technology is profound, noting its optimized level of effectiveness, productivity and automatization. The authors survey findings showed that Industry 4.0 is crucial for business sustainability and improving growth and capacity of small and medium scale business ventures. The outcomes of using Industry 4.0 are derived from core features of 4.0 including big data application and better internet of things, that continually underpin easier technological implementation, leading to better business suitability and performance.
Del Rio, D. D. F., Sovacool, B. K., Bergman, N., & Makuch, K. E. (2020). Critically reviewing smart home technology applications and business models in Europe. Energy Policy, 144, 111631.
https://doi.org/10.1016/j.enpol.2020.111631
The authors highlight the relevance and significance of smart home technologies, which can no longer be ignored in international business. Smart home technologies included digitally connected information technological solutions in homes and are central to global discussions about climate change, innovations and energy consumptions efficiency and pollutions. According to the authors, various studies regarding home base technologies appear speculative and devoid of empirical backing but demonstrate an overarching focus on costs and benefits but concentrate less on business models and fresh markets.
A range of products and services, including smart home technologies, well thought out grid systems, and more innovative energy use, are increasingly becoming popular in the contemporary global arena. To press their point, the authors noted that the World Economic Forum and Accenture approximated $14 trillion economic value contributions from these home-based technologies to the global economy in 10 years and more than $100 billion in operating profits globally. Revenues continue to grow as more companies venture into this business model, as evidenced by the U.K and parts of Europe, where digitized home technologies are taking deeper roots.
Cultural Conflicts in International Business
International business is undergoing rapid growth globally, which is marked by grate sense of cultural diversity and heterogeneity. There are more interactions in the global business space than ever before. When venturing into international business, the business enterprises must face the challenge associated with a new and unfamiliar operating environment. Culture impacts the business in various ways, including language problems, pricing difficulties, and culture collisions, which are common problems, especially at the launch of business at global or foreign stages or markets. For instance, fashion and food business retailers, importers and exporters and dealers, must consider all aspects of business through cultural perceptions. According to clients ' cultures, international hotels and restaurants serving both local and foreign consumers must tailor their menus and cuisines.
Klitmøller, A., & Lauring, J. (2013). When global virtual teams share knowledge: Media richness, cultural difference and language commonality. Journal of World Business, 48(3), 398-406.
https://doi.org/10.1016/j.jwb.2012.07.023
This is a review study exploring cultural variations and media richness in the context of emerging technologies such as virtual meetings. The emergent technologies and globalization have occasioned virtual communication as a critical practice amongst larger organizations. However, there are growing concerns regarding the interlinkages between culture, language, and canonical and equivocal knowledge sharing. The dimensions of cultural and linguistic variations have an imposing impact on knowledge sharing. By deploying an ethnographic field-study approach, the authors observed that particular media are more essential for given types of knowledge sharing while relying on cultural and language variation between the communicating parties. Language should consider picking media that nurture intercultural knowledge-sharing processes between different localities dispersed business partners, agencies, and departments.
Lin, Y. C., Chen, A. S. Y., & Song, Y. C. (2012). Does your intelligence help to survive in a foreign jungle? The effects of cultural intelligence and emotional intelligence on cross-cultural adjustment. International Journal of Intercultural Relations, 36(4), 541-552.
https://doi.org/10.1016/j.ijintrel.2012.03.001
The authors examined the impact of cultural and emotional intelligence on person’s adjustment to a different cultural environment. The study was a survey to assess both emotional and cultural intelligence. With greater diversity and heterogeneity in the workforce in the contemporary business world, economic, political, and social cross-cultural interactions are quite normal. For instance, global business workplaces, foreign trips, and non-business-related visits, such as studies, create oppor...