GMGT 1010 Lecture Notes - Lecture 9: Global Cooling, Canadian Business

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

Globalization has greatly improved living standards around the world. Increased importance of innovation and speed to market. Ex: downloading music is an import from the usa digitally. As businesses expand to serve global markets, new jobs will be created in both manufacturing and service industries. Successful students are those who are prepared for the markets of tomorrow. Climate change: the movement of the temperature of the planet up or down over time. Now global warming is an issue, but in the future global cooling could be an issue if the sun starts to give off less heat. Greening: the trend toward saving energy and producing products that cause less harm to the environment. Many managers and workers are losing their jobs in major manufacturing firms. Fewer workers are needed in industries that produce goods. The modern farming industry has become for efficient through the use of technology and the number of farms has dropped.