GMS 200 Lecture Notes - Lecture 3: Joint Venture, Protectionism, Weddings In India

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

Document Summary

Market entry strategy: a common first step into international business is global sourcing which is the process of purchasing materials or services around the world for local use. Market entry strategy: exporting - form of international business that involves selling locally made products in foreign markets. Importing - form of international business that involves buying foreign made products and selling them in domestic markets. Insourcing job creation through foreign direct investment: global strategic alliance partnership in which foreign and domestic firms share resources and knowledge for mutual gains. Direct investment strategy: foreign subsidiary local operation completely owned and controlled by a foreign firm. While the subsidiary can be acquired, it may be built entirely by. Greenfield investments: greenfield investment builds an entirely new operation in a foreign country, wto video: http://www. youtube. com/watch?v=uyanj2smyqk. Trade wto: world trade organization an international organization that monitors international trade and tires to resolve disputes among countries about tariffs and trade restrictions.