GMS 200 Lecture Notes - Lecture 3: North American Free Trade Agreement, World Trade Organization, Sustainable Development

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Murray Davidson

Document Summary

Key concepts in the challenges of globalization: global economy, globalization, international management, global manager. Global economy: resource supplies, product markets, and business competition are worldwide, rather than local. Globalization: the process of growing interdependence of these components in the global economy. Globalization is certainly a double edged sword for many people, but the truth is that over the past half century, the world has globalized enormously. We are now at the point that many employers around thee world are looking outside their local or national talent pools for key hires fred wilson. Black swan large scale unpredictable massive consequences that tends to develop cascades and chains of reaction that decrease and change. Global management: management in organizations with business interests in more than one country. Aware of regional developments in a changing world. Global businesses: conduct for-profit transactions of goods and services across national boundaries. Reasons why businesses go global: profits, customers, suppliers, capital, labour.