GMS 200 Lecture Notes - Lecture 3: Franchising, Global Sourcing, Licensed Production

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborahde Lange

Document Summary

Ethics issue: firms engage in public and gov lobbing. Inputs: intelligence info from stake holders and external env: out puts- public info-disseminated, example boeing and rivals fight in media over contract, capitalism is never ethical, breaking rules, breaks down economy. Lobbing- doesn"t involve money, but meeting with someone and talking about the benefits on the buss. It is important to make everyone ethical decisions. Ethical decisions principals: utility- satisfy all stakeholders, rights-respect everyone"s rights and duties. Justice-see un principals: caring- consistent with your responsibility to care. Globalization the process of growing independence among the components of global economy: multi-dimensional concept. International buss global scouring- first step into international buss in global sourcing, process of purchasing materials or services from around the world for local uses trade- exporting and importing. Exporting- selling locally made products in foreign markets. Importing- foreign made products and services sold in local licencing and franchising internationally.