GMS 200 Lecture 4: Week 4 Notes

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Kenneth Kalu

Document Summary

Chapter 3 global dimensions of management (week 4 notes) Globalization: growing interdependence of various countries and regions, all components of the global economy. Global economy: the economies of all parts of the world, including their labor, capital and other resources. Global management: managing in organizations with operations across more than one country. Global manager: the global manger manages in a global organization, and he/she is abreast of developments in other countries. Global sourcing: prospecting, or purchasing goods and services from overseas for local use. Exporting: the process of selling goods or services to buyers in other countries. Importing: buying goods and services from other countries. Licensing: to acquire the rights to make or sell another company"s products or services for a fee. Franchising: buying the rights to use another"s name and operating methods. Joint ventures & strategic alliances: foreign and domestic businesses come together as business partners for a particular transaction or continuous business operations>