This essay focuses on The exchange of gifts. These exchanges can go beyond the exchange of money for physical goods to include international transfers
in the international business context can be These exchanges can go beyond the exchange of money. It is for physical goods to include international transfers of other resources. These such as people, intellectual property (e.g., patents, copyrights, brand trademarks, and data), and contractual assets or liabilities (e.g., the right to use some foreign asset, provide some future service to foreign customers, or execute a complex financial instrument).
entities involved in international business range from large multinational. The firms with thousands of employees doing business in many countries around the world to a small one-person company acting as an importer or exporter. This broader definition of international business also encompasses for-profit border-crossing transactions as well as transactions motivated by nonfinancial gains (e.g., triple bottom line, corporate social responsibility, and political favor) that affect a business’s future.
somewhat challenging, as expectations differ among cultures. In individualistic Western cultures, gift giving can be associated with attempts to curry favor.
By the end of this section, you will be able to;
etween what may be consider a gift and what might be see as a bribe. From the perspective of the United States, suitable gifts for exchange with representatives of another organization are small, relatively inexpensive mementos intend to commemorate an event or organization or to serve as an expression of appreciation and solidarity. These include such things as cups, key rings, glasses, books, etc., which are inscribe with the company’s logo.