GMS 200 Lecture Notes - Lecture 4: Southern African Development Community, Multinational Corporation, Global Sourcing

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Lori Anne Heckbert

Document Summary

Resource supplies, product markets, and business competition are worldwide, rather than local. The process of growing interdependence of these components in the global economy. Aware of regional developments in a changing world. Management in organizations with business interests in more than one country. Conduct for-profit transactions of goods and services across national boundaries. Market entry strategies -involve the sale of goods or services to foreign markets but do not require expensive investments. The process of purchasing materials or services around the world for local use. One firm pays fee for rights to make or sell another company"s products. Building, buying all, or buying part ownership of a business in another country. A fee is paid for rights to use another firm"s name and operating methods. Operates in a foreign country through co-ownership by foreign and local partners. A partnership in which foreign and domestic firms share resources and knowledge for mutual gains. Local operation completely owned by a foreign firm.