Table Of ContentTHE BUSINESS Global Business and Corporate T International Business Collection
H
EXPERT PRESS A
Governance N S. Tamer Cavusgil • Michael R. Czinkota • Gary Knight
DIGITAL LIBRARIES O
Environment, Structure, and P Editors
O
U
EBOOKS FOR Challenges L
BUSINESS STUDENTS O
S
Curriculum-oriented, born- John Thanopoulos
digital books for advanced
This book presents a new era where the main force for
business students, written Global
social change, research, education, economic better-
by academic thought
ment, and even employee happiness is the global en-
leaders who translate real- terprise. So many businesses today are “global,” though
world business experience often with conflicting priorities and potential civiliza- Business and
into course readings and tion clashes. Companies may operate in a practically
reference materials for borderless world, seeking ideas and talents globally, but
students expecting to tackle without proper knowledge and preparation, it is one G
management and leadership endless struggle. LO Corporate
challenges during their Inside, you’ll learn many global business-related is- BA
professional careers. sues ranging from historical matters to the realities of L B
the 21st century—from local cultures to global organi- U Governance
POLICIES BUILT zations and from political, legal, and economic topics S
I
BY LIBRARIANS to accounting, finance, marketing, and management N
E
perspectives. This book directs your attention to critical S
• Unlimited simultaneous S
usage business challenges in addition to the need of corpo- A
rate governance at all levels. These issues include how N Environment,
• Unrestricted downloading D
and printing it all relates to the environment and the structure of the C
corporation. O
• Perpetual access for a R
Whether you’re already out in the CEO world, or a P Structure, and
one-time fee O
student in upper-level undergraduate or graduate study, R
• No platform or A
maintenance fees or executive education, this book gives you numerous T
• Free MARC records combinations of how-to-do projects with philosophical E G Challenges
perspectives of a new and challenging era. O
• No license to execute V
E
The Digital Libraries are a John Thanopoulos received his doctoral degree in Mar- R
keting from the University of Arkansas. He started his N
comprehensive, cost-effective A
career as a business practitioner but then joined the N
way to deliver practical academe in 1983 as the Director of the International C John Thanopoulos
E
treatments of important Business Programs at the University of Akron in Ohio.
business issues to every During his academic life he received various awards
student and faculty member. and recognitions, such as Best Professor in Interna-
tional Business (2012) from the World Education Con-
gress, and has over 100 academic written contributions
published in journals, editorial volumes, and teaching
manuals. Presently, he is the Vice Chair of the Depart-
For further information, a
ment of Business Administration at the University of
free trial, or to order, contact:
Piraeus in Greece.
[email protected]
International Business Collection
www.businessexpertpress.com/librarians
S. Tamer Cavusgil • Michael R. Czinkota • Gary Knight
Editors
ISBN: 978-1-60649-864-4
www.businessexpertpress.com www.businessexpertpress.com
Global Business and
Corporate Governance
Global Business and
Corporate Governance
Environment, Structure,
and Challenges
John Thanopoulos
Global Business and Corporate Governance:
Environment, Structure, and Challenges
Copyright © Business Expert Press, LLC, 2014.
All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system, or transmitted in any form or by any
means—electronic, mechanical, photocopy, recording, or any other
except for brief quotations, not to exceed 400 words, without the prior
permission of the publisher.
First published in 2014 by
Business Expert Press, LLC
222 East 46th Street, New York, NY 10017
www.businessexpertpress.com
ISBN-13: 978-1-60649-864-4 (paperback)
ISBN-13: 978-1-60649-865-1 (e-book)
Business Expert Press International Business Collection
Collection ISSN: 1948-2752 (print)
Collection ISSN: 1948-2760 (electronic)
Cover and interior design by Exeter Premedia Services Private Ltd.,
Chennai, India
First edition: 2014
10 9 8 7 6 5 4 3 2 1
Printed in the United States of America.
To George and Sofia and to all my teachers
and students who made my life’s trip so magnificent!
Abstract
This textbook presents, dear reader, a new era where the main force
for social change, research, education, economic betterment, and even
employee happiness is the global enterprise. From the outset it is assumed
that today all business is global though often with conflicting priorities
and potential civilization clashes. Also, it showcases that we operate in a
practically borderless world seeking ideas and talents globally.
Therefore, this book aims to brief you on business-related issues
ranging from historical matters to the realities of the 21st century, from
local cultures to global organizations and from political, legal, and
economic topics to accounting, finance, marketing, and management
perspectives. It also aims to direct your attention to critical business chal-
lenges as well as to the need of corporate governance at all levels. These
issues relate to the environment and the structure of the corporation.
However, these very issues may result in restating the organizational
objectives since the corporate era parallels the roles and the responsibili-
ties that countries had in the past. For that matter wise, prudent, knowl-
edgeable, ethical, philosophically-oriented, and enlightened corporate
leaders are needed.
From a practical side the material presented is better suited for upper-
level undergraduate, graduate study, and executive education, and it
provides a combination of how-to-do matters and philosophical perspec-
tives of a new and challenging era.
Keywords
business challenges, business ethics, corporate governance, ethics, global
business, global organizations, international accounting, international
finance, international management, international marketing, philosophy,
self-actualization
Contents
Preface ��������������������������������������������������������������������������������������������������xi
Abbreviations ���������������������������������������������������������������������������������������xv
Chapter 1 The Human Enterprise and Its Governance .......................1
Chapter 2 From Geography to Culture ............................................13
Chapter 3 Philosophical Tenants and the 21st Century ....................33
Chapter 4 Political, Legal, and Economic Issues ...............................49
Chapter 5 Global Organizations and Unions of Nations ..................73
Chapter 6 Accounting and Finance Perspectives ...............................95
Chapter 7 Marketing Perspectives...................................................113
Chapter 8 Management Perspectives ..............................................137
Chapter 9 Capstone: Global Business Challenges ...........................163
Epilogue ���������������������������������������������������������������������������������������������183
About the Author ��������������������������������������������������������������������������������185
Notes��������������������������������������������������������������������������������������������������187
References �������������������������������������������������������������������������������������������209
Index �������������������������������������������������������������������������������������������������221
