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GMS 200 (1,261)
Lecture

lectue 1

8 Pages
60 Views

Department
Global Management Studies
Course Code
GMS 200
Professor
Shavin Malhotra

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In a recent survey of CEOs of forbes 100 largest multinationoal firms
what % believed that all business majors should take a course in glbal managemtn = 80%
Wat % felt graduates exoeriece in friegn languages, international aspects of international functions and
business and/ or human relations outside the home country is improtant in makig hiring decision = 70%
Economy tightly intergrated impact
Focus: globl business environment organizations human behaviour, culture (managing, working
with ppl) personality, group dynmics, leadership (factors)
Look at system as whole sales go down system approach = look at whole (production, acc,
Intgrate what learn and apply
Managemtn different departments and houw theywork
Review highlights of chapter
Enhancment expantion of material
Join discusson
Follow simple instructions
Why global mangemtn?
Flat panel tvs begin as glass panels manufactured in south korea tiwan and japan
oSent to mexico along usborders (macquiladora0 for combining with otheelectrical
compantent shipped from asia and us = free trade area = dont have to pay imprt dutys
that cars they import
oFinished tvs shipped to retail outlets in canada
oDiff parts manactured in diff parts in world
Boeing
oMajor sucessful prduct
oJapan : fuslage and doors
oSingapore: landing gear
oItaly: wings
o30% of manufactiong in terms outside the us
www.notesolution.com
oFor 787 is as high as 65%
oWalmart managed to source materials accoss globe at cheapest possible cost
International communication blunders
oDairy association from usa stared a campaign in mexico – got milk” which translated
to : are you lactating
oCoors from usa campain in mexico with turn it loose” translated: suffer from dihera
oPepsi lauched campain in china with “come alive with te pepsi genration” was
translate :pepsi brings ancestiors back from grave
oShows must understand culture and their behaviour
oTurn down tea offerd by japanese offer/deal died down
The changing nature of work
o1940s-1970: genreal motor
Wage leader: wage formula negotiated with united auto workers: 3% plus
productivity and cost living
Comp compete against mad power
Increaase salries
Introduce pentions, health insureance, joint training funs, fma benefits
Other firms forced ot to match gm rising wages
Earlier company
Emplys controled company
High on liabilites
Treat employes well but
More training
oWalmart largest us emplayer (1.8 million pp)
Av wage 30% below naional av; 50% turnover
Class action suits for gender discrimination and overstime pay
www.notesolution.com
Resister unionization
Other firms mathch lower wages/ beniftis
Gm today: went through bankrupcy
Lowest cost production, cost maximaztion
Kept control of company
Ask for lower price less training
Everyday use competative rate
Treat ppl not well but doing better
Globus: developing winning stratagies (overviwe, orientation)
Running a company
Competing against each other
High price
Selling camera
Online pc based excersise where you runa a digital camera company in head to head
comptetitntion againster companies by other class members
www.notesolution.com

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Description
In a recent survey of CEOs of forbes 100 largest multinationoal firms what % believed that all business majors should take a course in glbal managemtn = 80% Wat % felt graduates exoeriece in friegn languages, international aspects of international functions and business and or human relations outside the home country is improtant in makig hiring decision = 70% Economy tightly intergrated impact Focus: globl business environment organizations human behaviour, culture (managing, working with ppl) personality, group dynmics, leadership (factors) Look at system as whole sales go down system approach = look at whole (production, acc, Intgrate what learn and apply Managemtn different departments and houw theywork Review highlights of chapter Enhancment expantion of material Join discusson Follow simple instructions Why global mangemtn? Flat panel tvs begin as glass panels manufactured in south korea tiwan and japan o Sent to mexico along usborders (macquiladora0 for combining with otheelectrical compantent shipped from asia and us = free trade area = dont have to pay imprt dutys that cars they import o Finished tvs shipped to retail outlets in canada o Diff parts manactured in diff parts in world Boeing o Major sucessful prduct o Japan : fuslage and doors o Singapore: landing gear o Italy: wings o 30% of manufactiong in terms outside the us www.notesolution.com
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