MGMT 3000 Lecture Notes - Lecture 2: Disruptive Innovation, Net Neutrality, General Agreement On Tariffs And Trade
14 Sep 2016
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Document Summary
Business environment- represents all of the external forces that affect the firm"s business. Technological disruption: recorded music industry, this class; education in general. Political dimension: loosening of ban on us oil exports, healthcare rate increases, net neutrality. Legal dimension: fedex- using fed ex to ship controlled substances. Socio-cultural dimension: soda and sugar, walmart, monsanto. Integration and interdependence of economic, technological, socio-cultural, and political systems across diverse geographic regions. Advocated by leading economists and politicians post ww ii. Movement led to the creation of several international trade agreements. Countries should specialize in producing goods for which they have the lowest opportunity cost of production. Free trade leads to a more efficient allocation of resources. Global trade agreements-= world bank- international monetary fund- gatt (wto) European union: single market and common currency. Which element of wmi"s general environment appears to be the least significant to. Which element of wmi specific environment appears to be the least significant to wmi business: supplier.
