Vol: 8, Issue: 1 2018

Page: 60-65

International Business Management, Strategy and Globalisation in the Economy

Dr. Suhasini Parashar

India began to Liberalise and Globalise its economy and taken measures to Globalise with international business that is entry of multinational corporations and allowing Indian companies to enter into joint ventures with foreign companies and Indian companies to set-up joint ventures abroad since 1991. On qualitative basis political , technological , social factors, competitive forces and protection of national difference in business systems , consumer behaviour and social culture etc. are affected . The industrial development with international business shows the effect on productivity and technological advancement , helps in Global world to develop the industrial relation in terms of stablisation of industrial labour , literate worker, protective legislation , employment pattern of labour , growth of informal sector. Globalisation and industrial development associated with economic openness which extends to flow of services , technology , information and ideas in an international trade , investment , finance and , transformation brings about a variety of changes as rapid urbanisation , the emergence of industrial communities , structuring of industry and labour , quantitative growth in the workforce , the development of labour unions , new economic group in society that is labour and measures of labour welfare and social security .The focus of this article is on to study the industrial development with globalisation in international business management with strategies for entering Global world, Impact of Globalisation on International Businesses ,Globalisation and foreign investment , Technology on Globalisation , Global Development Finance and Global Human Resource Management.