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The differences between domestic and global business

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The differences between domestic and global business

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Group Lã Bảo Long, Nguyễn Trọng Giáp, Nguyễn Thành Minh

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Thanh, Khánh Vy, Phương Uyên, Phương, Ánh, Trúc

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Thanh, Khánh Vy, Phương Uyên, Phương, Ánh, Trúc

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Thanh, Khánh Vy, Phương Uyên, Phương, Ánh, Trúc

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Thanh, Khánh Vy, Phương Uyên, Phương, Ánh, Trúc

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Differences between Domestic and International Business

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Differences between Domestic and International Business

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Tống Gia Nghi - 2312455021 - K61BFA

Quách Bảo Châu - 2312455008 - K61BFA

Nguyễn Lê Thảo Uyên - 2312455034012 -K61BFA

Lê Mai Ngọc Hân - 2312455 - K61BFA

Võ Thụy Minh Tú - 2312452010 - K62CURTIN

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Diệp Thế Kiệt - 2312455016

Trần Đức Du - 2312455010

Nguyễn Phạm Bích Ngọc - 2312455022

Lê Nguyên Bảo Châu - 2312455007

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International business and domestic business both involve buying, selling, and managing resources, but they differ in several ways:

1. Geographic scope: Domestic business operates within a single country, while international business involves cross-border transactions.

2. Cultural differences: International business requires an understanding of different cultural norms, business practices, and languages. Domestic business operates within a familiar cultural context.

3. Regulatory environment: International business is subject to multiple regulatory frameworks, including those of the host country, home country, and international organizations. Domestic business is subject to the regulatory environment of a single country.

4. Currency risks: International business involves currency exchange risks, which can impact profitability. Domestic business is not subject to these risks.

5. Transportation and logistics: International business requires transportation and logistics management across borders, which can be more complex and expensive than domestic transportation.

6. Language barriers: International business requires the ability to communicate effectively in multiple languages, while domestic business operates in a single language.

7. Time zone differences: International business involves managing operations across multiple time zones, which can create challenges for coordination and communication. Domestic business operations across multiple time zones, which can create challenges for coordination and communication. Domestic business operates within a single time zone.

8. Market size: International business offers access to larger markets, but also involves greater competition. Domestic business operates within a smaller, less competitive market.

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1. Scope:

- National business operates on a country-wide scale.

- Domestic business may have a more localized focus, such as within a specific city or region.

2. Market Size:

- National businesses target the entire market of a country.

- Domestic businesses may cater to a smaller segment within the country.

3. Regulations:

- National businesses must comply with national regulations and policies.

- Domestic businesses might navigate more localized or regional regulations.

4. Cultural Considerations:

- National businesses deal with diverse cultures within the entire country.

- Domestic businesses may be more attuned to specific cultural nuances in a particular region.

5. Supply Chain:

- National businesses often have a broader and more complex supply chain spanning the entire country.

- Domestic businesses may have a simpler and more localized supply chain.

6. Competition:

- National businesses face competition from a wide range of competitors across the country.

- Domestic businesses compete within a more confined market space.

7. Consumer Behavior:

- National businesses must understand and adapt to diverse consumer behaviors at a national level.

- Domestic businesses focus on the specific preferences and behaviors of a regional or local consumer base.

8. Infrastructure Needs:

- National businesses require a robust infrastructure capable of serving the entire country.

- Domestic businesses may have more modest infrastructure needs for their localized operations.

9. Marketing Strategies:

- National businesses employ comprehensive marketing strategies to reach a diverse national audience.

- Domestic businesses tailor their marketing approaches to the preferences of a more specific local or regional audience.

10. Economic Impact:

- National businesses have a significant impact on the national economy.

- Domestic businesses contribute to the economic growth of a specific region within the country.

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Trúc, Ánh, Phương, Khánh Vy, Thanh, Phương Uyên

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Trúc, Ánh, Phương, Khánh Vy, Thanh, Phương Uyên

# data[].attributes.headline
Trúc, Phương, Ánh, Thanh, Khánh Vy, Phương Uyên

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Trúc, Phương, Ánh, Thanh, Khánh Vy, Phương Uyên

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Diệp Thế Kiệt - 2312455016

Trần Đức Du - 2312455010

Nguyễn Phạm Bích Ngọc - 2312455022

Lê Nguyên Bảo Châu - 2312455007

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Nghi - Châu - Uyên - Hân - Tú

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Group Lã Bảo Long, Nguyễn Trọng Giáp, Nguyễn Thành Minh