GMS 200 Lecture Notes - Lecture 3: Foreign Direct Investment, Joint Venture, Global Sourcing

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Ethics issue: firms engage in public and government lobbying. Inputs: intelligence information (from stakeholders and external environment. Ex: boeing and rivals fight in the media over contracts. Global sourcing: a common first step into international business, is global sourcing, which is the process of purchasing materials or services around the world for local use. Exporting is a form of international business that involves selling locally made products in foreign markets. Importing is a form of international business that involves buying foreign- made products and selling them in domestic markets. Licensing occurs when a firm pays a fee for the rights to make or sell another company"s products in a specified region. Franchising involves buying the rights to use another"s name and operating methods in its home country. Foreign direct investment (fdi) is building, buying all, or buying part ownership of a business in another country.