GMS 200 Lecture Notes - Fiedler Contingency Model, Small Victories, Culture Shock

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Jian Guan

Document Summary

Nafta agreement for free flow of goods and services between canada, mexico & usa. Ftaa (free trade to americans) alaska to chile is a possibility. Asian countries represent a third of the global market. Market entry strategies involve the sale of goods and services to froeign markets but do not require expensive investments. Types of market entry strategies: global sourcing, exporting, importing, licensing agreement, franchising. Direct investment strategies require major capital commitments but create rights of ownership and control over foreign operations. Criteria for choosing a joint venture partner: familiarity with your firm"s major business, strong local workforce, future expansion possibilities, strong local market for partner"s own products, good profit potential, sound financial standing. A multinational corporation (mnc) is a business with extensive international operations in more than one foreign country. Mutual benefits for host country and mnc: shared growth opportunities, shared income opportunities, shared learning opportunities, shared development opportunities.