GMS 200 Lecture Notes - Lecture 3: Protectionism, Southern African Development Community, Economic Community Of West African States

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adekunle

Document Summary

Transfer of management practices and learning across cultures. Key concepts in the challenges of globalization: global economy, globalization, Africa- sadc(southern african development community) ecowas ( economic community of west african states. Reasons for engaging in international business: profits, customers, suppliers, capital, labor. Market entry yaregies involve the sale of goods or services to foreign markets but do not require expensive investments. Type of market entry strategies: global sourcing, exporting, importing, licensing agreement, franchising. Common forms of international business- from market entry to direct investment strategies. ( schermerhorn & wright text) Global sourcing / exporting and importing/ licensing and franchising. Join ventures/ foreign subsdiaries ( increasing involvement in ownership and control of foreign operation) Direct investmenet strategies require major capital commitmenets but creates rights of ownership and control over foreign operations. Strong local market for partner"s own products. Environment is complex, dynamic and highly competitive. Global business executives must deal with differences in the environment of business in different countries.