Internationalization of Business

International business management, as a field of theory, research, education and practice has to do with generating, maintaining, and controlling international flows of people, information, funds, goods and services for a commercial purpose. It differs from the purely domestic int hat it involves operating effectively *within and among different national sovereignties *under widely disparate economic and cultural conditions *With people living within very different value systems *As part of an industrial revolution set in the contemoprorary world *Over great geographical distances *In national markets varying greatly in structure, population and area.