GMS 200 Lecture 3: CH-3-Global-dimensions-of-management

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

Document Summary

: resources, markets and competition are worldwide in scope. : is the process of growing interdependence among elements of the global. : involves managing operations in more than one country: global manager. : is culturally aware and informed on international affairs: key concepts in the challenges of globalization. Africa south africa development community (sadc) and economic. Why companies go global: profits, customers new markets, suppliers offer access to needed products, capital financial resources, labour lower labour costs. 1 (cid:222) (cid:222) (cid:222) (cid:222: global business. : conducts commercial transactions across national boundaries: market entry strategies expensive investments (imports/exports, licensing, franchising) : involve the sale of goods/services to foreign markets without: direct investment strategies ventures and wholly owned subsidiaries) : require capital commitments (strategic alliances, joint: as you increase involvement in ownership and control of foreign operations, you are going from market entry strategies to direct investment strategies, market entry strategies. Materials or services are purchased around the world for local use.