GMS 724 Lecture Notes - Lecture 1: Foreign Direct Investment, International Business, Kfc

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Howard Lin

Document Summary

Define globalization and international business and show how they affect each other. To understand why companies engage in international business and why international business growth has accelerated. To discuss globalization"s future and the major criticisms of globalization. To become familiar with different ways in which a company can accomplish its global objectives. To apply social science disciplines to understanding the differences between international and domestic business. Globalization: the ongoing process that deepens and broadens the relationships and interdependence among countries. International business is a mechanism to bring about globalization. International business: consists of all commercial transactions including sales, investments and transportation- Increasingly, foreign countries are a source of both production and sales for domestic companies. Most companies are either international or compete with international companies. Modes of operations may differ from those used domestically (e. g. different menus in india vs. u. s. ) The best way of conducting businesses may differ by country. An understanding helps you make better career decisions.