MAN 3025 Chapter Notes - Chapter 4: Trade Barrier, Finance Capitalism, Nonprofit Organization

• School: University of Florida
• Department: Management
• Course: MAN 3025
• Professor: Professor Archambeau

Document Summary

Trend of the world economy toward becoming a more interdependent system. Global village: the shrinking of time and space as air travel and the electronic media have made it easier for the people around the globe to communicate with one another. E-commerce: buying and selling of products and services through computer networks. Global economy: increasing tendency of the economies of the world to interact with one another as one market instead of many national markets. Positive effects: medium to long-term benefits of globalization are positive for everybody. Multinational corporations (multinational enterprise): business firm with operations in several countries. Multinational organizations: nonprofit organization with operations in several countries. Ethnocentric managers: believe that their native country, culture, language, and behavior are superior to all others. Believe they can export the managers and practices of their home countries to anywhere in the world and that they will be more capable and reliable.