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Global Business School & Research Centre

Guest Session on International Business Management

Saturday, September 26, 2020 |Zoom App |Guest Lecture

A guest lecture was organized by DPU’s Global Business School & Research Centre, Pune on 26th September 2020 on the topic International Business Management for BBA Graduates. Mr. Ravi Phadke is currently working as a Promoter & Consultant of BITCON IT Consultancy, He was the guest lecturer and engaged students in an interactive session for the International Business Management 3- Faculty members and 50-students from BBA Year II and BBA Year III took part in the session as well.

Mr. Ravi Phadke first familiarized the students with the basic terminology of International Business. He said, International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and people for the purpose of the international production of physical goods and services such as finance, banking, insurance, and construction. He described International business is also known as globalization. To conduct business overseas, multinational companies need to bridge separate national markets into one global marketplace. He focused there are two macro-scale factors that underline the trend of greater globalization. The first consists of eliminating barriers to make cross-border trade easier (e.g. free flow of goods and services, and capital, referred to as "free trade"). The second is technological change, particularly developments in communication, information processing, and transportation technologies. Sir talked about many things which are to be worthy remembered the only reason he addressed us with the example of different countries so more easy to be understand.