BUSI 3810U Lecture Notes - Lecture 1: Offshoring, Mixed Economy, Outsourcing
Document Summary
International management is the process of: applying management concepts and techniques in a multinational environment, adapting management practices to different economic, political, and cultural contexts. Multinational corporations (mncs) are firms with: operations in more than one country, international sales, mix of nationality among managers and owners. Globalization: process of social, political, economic, cultural and technological integration among countries around the world, increased levels of trade, capital flows and migration. Internationalization: process of a business crossing national and cultural borders. Technology advances: [communications, logistics, transport, and travel. Offshoring: companies undertake some activities at offshore locations instead of in their home countries. Outsourcing: subcontracting or contracting out activities that had previously been performed by the firm to external organizations. General agreement on tariffs and trade (gatt: helped in the dramatic reduction of tariff and nontariff barriers among nations. World trade organizations (wto: oversees rules and regulations for international trade and investment.
