MGT 357 Lecture Notes - Lecture 1: Globalism
Document Summary
Annexation of crimea provokes sanctions affecting russian businesses. Europe is russia"s biggest trading partner and germany has great ties to russia. More than 6,000 german companies employing about 300,000 people have business interests in russia. Germany gets about a third of its oil and gas from russia. Threat of backlash in russia against western products. Globalization has compounded the types and levels of business risks. Process of developing strategies, designing and operating systems, and working with people around the world to ensure sustained competitive advantage. Global competition characterized by networks of international linkages that bind countries, institutions, and people in an interdependent global economy. Rapid integration of countries, advances in information technology, and the explosion in electronic communication have created a new, more integrated world and true global competition. Complexities of doing business in distinct markets persist. Need for increased productivity and consumption in developed countries. Increasing gap between supply and demand of natural resources.
