GMS 200 Lecture : gms chap 3 lec notes.docx

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Tsogbadral Galaabaatar

Document Summary

Culture and its relationship with global diversity. Globalization: is the process of growing interdependence among elements of the global economy. Key concepts in the challenges of globalization: Global economy- resources, mkts and competition are worldwide in scope. Globalization-^^ international management-involves managing operations in more than one country. global manager-is culturally aware and informed about international affairs. Europe-european union(eu)- is a political and economic alliance of european countries. The americas-nafta,ftaa- is the north american free trade agreement linking canada, Community), *****ecowas (economic community of west african states)15 countries. South africa is a union of 15 country"s. Mauritis is not part of the ecowas *** International biz- conducts commercial transactions across national boundaries. Customers- global operations offer new markets to sell products. Suppliers-global operations offer access to needed raw materials. Capital- global operations offer access to financial resources. Labor-global operations offer access to lower labour costs.