The management of international businesses represents a crucial element of the development of economies. However, the presence of different players performing different tasks complicates international business. The need for the management of international business requires organizations and institutions to ascertain the support and economic policy of the players regarding emergent situations (Dunning, 2001). As such, a researcher would want to indicate and interpret the motivations of international business concerning barriers, benefits, and problems. The proposed conceptual framework could thus be easily applied since it holds true to 90 percent of the economies.
The conceptual framework thus describes the existing practice, prescribes the future practice, and defines the main terms and underlying issues. It provides the basis for future debate concerning the concepts that can be used by other researchers to identify and broadly debate the issues in international business (Hedman & Kalling, 2003). Therefore, it is appropriate to apply the conceptual framework to advance the research. It is important to inquire about the determinants of the success and failure of companies around the globe. To answer such question, a look at the institutionalized view and resource-based views would prove helpful. Therefore, the framework identification would assist in defining the international business field to draw the attention of practitioners, scholars, and students.
The existing research on international business indicates a clear dichotomy between the focus on the activities on overcoming the barriers set by governments and activities that open up national boundaries (Dunning, 2001). However, research on international business shows that decision-making by firms applies uniformly. There should be an understanding of the foreign government and multinational corporations, and a bargaining relationship must exist to ensure that each achieves their goals. The constraints and goals of business show that companies and governments incur pressures from each other as well as from other participants, for instance, local firms.